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Screaming and Shouting

Banking, computers and perpetual crisis

Like banking in the not-too-distant future…an introduction to this blog

When I was a child in the 1960s, I remember reading an illustrated article about what the world would be like in 50 years – approximately where we are right now, in fact.   It looked pretty exciting.

Continue reading “Like banking in the not-too-distant future…an introduction to this blog”

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Unpicking the Sewing at Deutsche

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From rumour, to leak, to background briefing, to common knowledge, to ‘absolute commitment’, to emergency weekend meetings; and from there to a summary firing and replacement – all in less than two weeks.

Cryan’s gone as CEO, Sewing is in, and a whole bunch of new problems are just starting for my old shop Deutsche Bank.
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Cryan over you

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The press is full of rumours and reports of a bid to get rid of Deutsche Bank’s CEO John Cryan.

It won’t solve my old employer’s problems. In fact, it might make them worse.

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Curtains and Tigers (or why it’s bank middle managers who go to jail and why some banks might be struggling)

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“How is it going?” I asked an old friend from the markets over lunch recently. “You know, Curtains and Tigers,” he replied, cryptically.

I knew what he meant.

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My 30-year bottle

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Thirty years ago today I was given the little bottle you can see in the photograph. It contains crude oil and is an emblem of how the world has – and has not – changed in that time.
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Life lessons from the floor

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A long-term friend and ex-colleague – now retired from finance – recently sent an email to me and a few mutual workmates from the old days. His message? He had just applied a golden rule that he (and we) used to use in our days on the trading floor to solve a problem totally disconnected from trading or derivatives.

“It’s amazing how often lessons from finance help in real life,” I wrote back.

And of course, that got me thinking: what lessons from a career in finance do I still use?

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Enron with diggers

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So Carillion has gone bankrupt. The interesting thing is why.

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Emotionally short: the new bitcoin futures

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It’s Christmas and for me that means drinks parties. In the past, knowing that I was meant to be some sort of expert on finance, at least one or two people would ask me about the Euro or UK interest rates or bank stocks or, more usually, internships for their kids.

This year? It’s all been bitcoin: more particularly, bitcoin futures.
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Just one word: Lithium

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I’ve always loved the film ‘The Graduate’. Near the start, Dustin Hoffman’s character Ben – the young graduate of the film’s title – is taken aside by Mr. McGuire, an older friend of Ben’s family. He wants to talk about Ben’s future.

‘I have one word for you’, McGuire says. Ben waits expectantly for a few, uncomfortable seconds. What is McGuire’s advice?

‘Plastics,’ he says.

In a similar spirit, let’s talk about Lithium.

Why? In short, it’s a potential road block to three huge technology trends.

Continue reading “Just one word: Lithium”

Feeling stressed: the BoE and hard Brexit

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The Bank of England has announced that the UK banking system would be fine in the event of the UK crashing out of the EU without a deal.

Pardon me if I’m not comforted.

Continue reading “Feeling stressed: the BoE and hard Brexit”

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