The Great Unwinding | part 2 of 3: 2012 – 2020 of 3
Part 1 of this series was a dire assessment leaving doubts about of survival at all. It was a broad brush assessment of the crisis to date and directions being taken. However there will always be winners and losers. The future is rarely linear, and out of this mess some will raise sooner, and in ways that are unexpected. The report, The Future of the Global Financial System deals with this unpredictable future by outlining four scenarios that encapsulate the broad sets of potential directions that will occur in the worlds banking ecosystem. As with Part 1 the research used … Continue reading The Great Unwinding | part 2 of 3: 2012 – 2020 of 3
The Great Unwinding | part 1 of 3: 2009 – 2012
This will be series of posts focussed on the current state of banks, the impact of the banking crisis on banks, and future scenarios for banks 2009 – 2020. This is no longer banking as usual. The research used to source is primarily from The Future of the Global Financial System together with supporting data from G20, and IMF. I also acknowledge strong influences from Niall Fergusons “The Ascent of Money” and his other writing here at the Financial Times plus John Mauldins pragmatic view of the world. The WEF and IMF reports are stored on the blog here. The … Continue reading The Great Unwinding | part 1 of 3: 2009 – 2012
Comment on “Beyond the age of leverage: new banks must arise” | Niall Ferguson
Niall Ferguson nails the ultimate irony in the world today. Every government is set on increasing debt as a means to solve the current crisis, however the reality is that they are potentially sending good money after bad, and not addressing the core issue. (emphasis mine) Beyond the age of leverage: new banks must arise | ft.com Call it the Great Repression. The reality being repressed is that the western world is suffering a crisis of excessive indebtedness. Many governments are too highly leveraged, as are many corporations. More importantly, households are groaning under unprecedented debt burdens. Worst of all … Continue reading Comment on “Beyond the age of leverage: new banks must arise” | Niall Ferguson
The Social Media Myth | socialmediamyth.com
In one of the clearest pieces on social media, Michelle covers it well in this white paper entitled The Social Media Myth. My favourite quote, and an initial hint as to the content. Because people don’t go on social networking sites to hear your pitch – people go on social networking sites to talk to their friends! She answers the question on what is the one thing you need to know. I won’t steal the reports thunder, so you can download and read for yourself, and I do recommend it to all banks. As a hint, it differentiates beteen building … Continue reading The Social Media Myth | socialmediamyth.com
World Economic Forum 2008 – long on rhetoric, short on options
The Forum is an intense 4 days, and this year probably more so than most – even folowing it by written word and video as I did was intense. There were some clear themes, and some clear leadership from surprising sources. The surprise was the Asian contingent and their discussion of global co-operation. Prime Minister Aso of Japan, Premier Wen of China, and Prime Minister Putin of Russia all summarised the crisis well, and spoke clearly about solutions comprising both domestic programs to boost GDP and consumption, and global co-operation to re-arrange global finance Tony Blair was another bright spot … Continue reading World Economic Forum 2008 – long on rhetoric, short on options
Japan remains a key component our collective future success | #davos
The WEF is wrapping up and Taro Aso Prime Minister of Japan did the last big presentation on Saturday. It was timely and significant. Japan had wrenching experience with a bubble economy in the late 80’s and that experience showed in the speech. Japan Special Address by H.E. Mr. Taro Aso, Prime Minister of Japan On the Occasion of the Annual Meeting of the World Economic Forum The Summit on Financial Markets and the World Economy was held in Washington DC last November. Based on Japan’s experiences, I advocated the necessity of expeditious disposal of financial institutions’ non-performing loans and … Continue reading Japan remains a key component our collective future success | #davos
Real banker question | How do you count money?
“Online & Mobile Banking Forecast 2009 – 2018” | Online Banking Report
I am an unabashed avid follower of Online Banking Report, and the latest “Online & Mobile Banking Forecast” continues the classic of Jims annual output. The focus of online banking and mobile is one key attribute of this years focus. In fact having the iphone on the front page is illustrative of the outside the box thinking. This year in particular is when all Banks ought be thinking of ways to innovate and get outside the box. Clearly it is no longer business as usual, and will not be for some time. Gathering deposits is essential to future success, but … Continue reading “Online & Mobile Banking Forecast 2009 – 2018” | Online Banking Report
Honesty and ethics of bankers – survey | time for introspection
Reflecting on the theme of bankers reputation “being shot” that is being picked up at Davos, Gallup have releases some data based on their Gallup/ USA Today poll that addresses the reputation of bankers. Next time Citi decide to buy a jet they should take a look at this data first, and consider the moral and reputation implications. Nothwithstanding this is a poll, the trend over time, and the trend in the last year is clear. HT Douglas Berlon. The drop in 2008 is from 38 to 23 which represents the lowest in this dataset since 1977. Of course there … Continue reading Honesty and ethics of bankers – survey | time for introspection
