Articles on Banking

Displaying 241 - 260 of 312 articles

It’s hard to keep track of all this currency. epSos.de

Changing traders and tech won’t stop currency rigging

Authorities in New York have announced they are launching an investigation into the manipulation of the world’s biggest financial market – the US$5.3 trillion a day traded in currencies. New York regulators…
Scrooge McDuck: a classic case of wealth addiction. Carl Barks/Disney

Bonus obsession makes bankers miserable

News that many of the large banks will continue to pay large bonuses has sparked off another round of public anger. Even the beleaguered RBS hopes to offer some of its top bankers bonuses worth 200% of…
Visionary at work? John Stillwell/PA

Ed Miliband banking speech is incomplete, but encouraging

Ed Miliband’s heavily-trailed speech on banking reform was no political game-changer; however, it broadened and deepened his One Nation theme and set out specific policy proposals to help restore Labour’s…
The shoulder pads are gone but the IT infrastructure remains. Phagan photos

Ancient IT makes a banking meltdown inevitable

A KPMG report warned last year that the next systemic shock to UK banking could come from an as yet unforeseen event, such as a massive payment outage or a cyber attack. Since the IT systems in most banks…
This is your brain on capitalism. Willard

Drugs and the city: an open secret, so why no testing?

When the chairman of the ethical Co-operative Bank was recently caught on camera purchasing drugs, it became a major news story. But the links between drug-taking and Wall Street or the City of London…
Where now for European banks? MPD01605

This is how the EU can fix its failed banks

The EU has made progress on the construction of a banking union, by agreeing on common rules for dealing with failed banks. The downside is that these rules won’t kick in until 2015: the Eurozone faces…
Small changes to currency can have a big impact. @Doug88888

If foreign exchange markets are rigged, the solution is simple

In the latest big scandal to hit the banking sector, regulators around the world are investigating whether foreign exchange markets have been rigged. At least seven major banks have been caught up in the…
Bank of Melbourne relaunched its new look branch network in 2011 as part of a broader push to build customer relationships. Joe Castro/AAP

Barclays is closing branches, but Aussie banks slow to follow

UK banking giant Barclays has revealed plans to lay off 1700 branch staff and shrink its branch network as customers embrace online and mobile banking. The street faces of banks are changing quickly. Where…
Sgt Barclays reporting for duty. Dunechaser

It is vital that our banks score well in cyber war games

A war gaming exercise began in London recently to test financial institutions’ effectiveness against a range of simulated attacks from cyberspace. It was called Waking Shark II, which sounds very exciting…
It’s easier than ever to switch. Arne Hückelheim

New banks fight giants, but public still not switching

The banking sector in the UK, always dynamic, continues to flex and morph. Newer, smaller banks are growing, desperate to break into a market dominated by a small number of big players. However, despite…
A long way from Wall St. Jairo Londono

Explainer: how does Islamic finance work?

At the World Islamic Economic Forum in London, David Cameron has announced the UK is to become the first non-Muslim country to issue Shariah-compliant bonds and that a special Islamic index will be created…
Dance with the devil and the devil don’t change: he changes you. HowardLake

Co-op’s latest blunder spells the end for ethical banking

The Co-operative Bank is no longer. What was once an experiment in working class self-help has become the latest victim of rapid changes sweeping the financial sector. It seems unlikely that the ethical…
What does a shilling get me? epSos.de

Bankers have no reason not to fix currency rates

This week it was revealed that the UK’s Financial Conduct Authority (FCA) is investigating allegations that London-based currency traders in large financial institutions were manipulating exchange rates…
I say, look at the size of this larder. Oli Scarff/PA

Help to Buy is a problem for UK banks, by default

Mortgage rates for the government’s Help to Buy scheme were announced yesterday amid the usual torrent of criticism for a policy that has very few friends. One Daily Telegraph commentator deemed the policy…
Coles is believed to have applied for an Authorised Deposit-taking Institution licence, which would allow it to take deposits. AAP

Mortgage price check in aisle four as Coles banks on future

The news that Coles may be seeking a banking licence would, if confirmed, put the supermarket group and its parent company Wesfarmers in direct competition with Australia’s major banks. It would allow…
A banking crash killed the Wall St bull market. Robin Stevens

Banking’s future depends on learning lessons from the past

A bank in trouble negotiates with its regulatory authorities and other banks for support, but is refused a bail out and closes abruptly, sparking a global contraction as its obligations are left unhonoured…
Janet Yellen: leader or follower? IMF

It doesn’t really matter who chairs the Federal Reserve

The surprising news that Larry Summers has withdrawn his bid to become the next chair of the US Federal Reserve has opened up the big question of who should lead America’s central bank. The new front runner…

Top contributors

More