Paul Penrose Head of Research at Finextra
Having mopped the floor with Jim Cramer and CNBC, the Daily Show's Jon Stewart has turned his attention to the practice of short-selling in this typically barbed report from regular correspondent Samantha Bee (AKA the Money Honey Bee). For a comedian, Stewart's done a lascerating job in exposing Wall Street hypocrisy and cant. But is he trading o...
18 March 2009 /wholesale Video extravaganza
Want to know how Bernie Madoff swindled his billions, but only got a minute to spare? Ernie from Sesame Street explains all here. Not sure that I fully approve of Ernie's rather Tarantinoesque retribution.
16 March 2009 /regulation /wholesale Video extravaganza
A good example of viral marketing from Barclaycard, which is challenging the public to create a home-made version if its waterslide TV advertisement, in which an office drone travels from work to home down a gigantic waterslide, paying for goods and services on the way using his contactless debit card. The bank has posted its own spoof ad at http...
12 March 2009 /retail Video extravaganza
"Serious Fraud Office questioning Archers' Matt Crawford over possible fraud in Ambridge" That's the headline from a real piece of PR sent out by the real Serious Fraud Office about a probe into the activities of a well-known but fictional British businessman. For those of you not steeped in this quintessentially English institution, the ...
06 March 2009 /retail /wholesale Whatever...
You've got to admire those Nigerian 419 scammers. Here's the latest that popped into my inbox, offering compensation from the Nigerian government to all those sad individuals who have been conned in the past: FEDERAL REPUBLIC OF NIGERIA (PANEL ON CONTRACT PAYMENT AND COMPENSATION) It has been resolved by the Senate special committee on Foreign Rel...
02 March 2009 /security /retail
Bank bosses just don't get it. BofA president Ken Lewis is once again in hot water after flying to a hearing in New York with Attorney General Andrew Cuomo on a luxury private jet. Lewis was there to answer questions about billion dollar bonus payouts to Merrill staff in December. Officials say he refused to supply the information Cuomo wanted, but...
27 February 2009 /retail /wholesale Whatever...
This is getting serious. Following on from the politically-sanctioned banking witch trials in Parliament, demonstrators have hanged an effigy of a banker from Marble Arch in protest at the growing financial crisis. The Evening Standard reports that a group called the Government of the Dead dressed up as zombies for the demonstration. Scores of rev...
Bank of America twitterer David Knapp at BofA_help has outed an impersonator operating under the monicker bofabanker. The anonymous BofA imposter set up his Twitter account yesterday and claimed to be a bona fide staffer at the West Coast bank. Knapp contacted him online saying: "I work for Bank of America, please send me a DM so we can disc...
25 February 2009 /retail Finance 2.0
What's the diference between Bank of America and Wells Fargo? Citibank and JPMorgan Chase? Royal Bank of Scotland and HSBC? Hbos and Barclays? From a consumer perspective, very little. They all offer much the same products, charge much the same fees, and use much the same distribution networks. For sure, some may be better capitalised than others. ...
25 February 2009 /retail Futuristic Banking
TED speaker Juan Enriquez looks beyond the financial crisis at mindboggling science and the arrival of home evolutus. Here's the pitch: "Even as mega-banks topple, Juan Enriquez says the big reboot is yet to come. But don't look for it on your ballot -- or in the stock exchange. It'll come from science labs, and it promises keener bodies and ...
25 February 2009 Video extravaganza
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