Archive for the ‘retail banking’ Category
Friday, August 27th, 2010
In an entertaining publicity stunt organised by Barclaycard, the UK's first ever cashless busker was unveiled yesterday in Soho Square, London. Accepting contactless cards only, busker Peter Buffery, strummed on his specially designed guitar, which was fully equipped with contactless technology at the neck so that listeners could make a ...
Posted in New technologies, retail banking | No Comments »
Wednesday, July 21st, 2010
Watching BBC TV's Panorama programme on Monday night reminded me of how little is truly new. The show raked over a lot of old ground, citing authorised overdraft fees of 167 per cent per annum, which were frequently cited during the long-running OFT investigation into 'unfair' banking charges. Now, I'm not disagreeing ...
Posted in retail banking | No Comments »
Wednesday, July 7th, 2010
Just attended a breakfast briefing at the British Bankers' Association (BBA) where they were unveiling their Annual Abstract of Banking Statistics for 2009. As the trade body's chief executive, Angela Knight, said in her welcome speech the report contains some "extraordinary numbers ...and shows how big the banking industry is", ...
Posted in Mortgages, Payments, mergers, post-crunch reform, retail banking, technology | No Comments »
Monday, May 10th, 2010
The Royal Bank of Scotland (RBS) is planning to cut another 2,600 jobs in the UK over the next year. The bank revealed most of the losses will be in its insurance division, which includes Direct Line, Green Flag, Privilege and Churchill, all of which were at one stage up ...
Posted in retail banking | No Comments »
Tuesday, January 5th, 2010
I'd like to welcome everyone back after the Xmas break and wish you all a happy new year. For my first blog of 2010 I thought it might be an idea to highlight one of the big stories that was breaking over the Christmas period; traditionally a time when so-called ...
Posted in retail banking | No Comments »
Tuesday, October 27th, 2009
I've just returned from an interesting roundtable this morning at Experian's offices at 80 Victoria Street, London, where the issue of bank lending to small and medium sized enterprises (SMEs) was very much still on the agenda. Stephen Alambritish, from the Federation of Small Business (FSB) said that many of ...
Posted in New technologies, retail banking | No Comments »
Thursday, October 22nd, 2009
The Financial Services Authority (FSA) has published its final rules on the liquidity requirements expected of firms in the future. The far-reaching overhaul, designed to enhance firms’ liquidity risk management practices, is based on the lessons learned since the start of the credit crisis in 2007. The new rules, published ...
Posted in Regulation, Wholesale banking, retail banking, technology | No Comments »
Tuesday, August 25th, 2009
Strange but true, a cash machine operator, Bank Machine, is introducing five Automated Teller Machines in East London that speak cockney rhyming slang. The usual on screen prompts and options have been replaced, so that customers going to the independent non-LINK cash machines will now be asked to enter their ...
Posted in ATMs, Cash Machines, retail banking | No Comments »
