Search

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”

Featured post

Birthday Nostradamus

Nostradamus_copy

I just booked some return flights to Malaga; if you work in financial markets it might be vital for you to know when I’m going.

Continue reading “Birthday Nostradamus”

Thing with feathers: Mark Johnson’s bail pending appeal

robin-2392585_960_720

Mark Johnson is out of prison, at least for the time being.  It’s a small, significant step in the right direction. But it’s just a step.

There is more work to be done.
Continue reading “Thing with feathers: Mark Johnson’s bail pending appeal”

It tolls for thee: Mark Johnson’s appeal

Mark-Johnson-FX-R-780

[A version of this article originally appeared in Euromoney. It is reproduced here with the permission of the Editor]

Mark Johnson, the HSBC FX trader found guilty of wire fraud last October and sentenced to two years in jail this April, is appealing his conviction.

You should care about the outcome.

Continue reading “It tolls for thee: Mark Johnson’s appeal”

The slow and painful death of European investment banking

Funeralflowers-GettyImages-104304949-5a3deb0c4e46ba0036947fc8

A number of news items and events this week have made me think about the world of investment banking again after a few relaxing weeks off for good behaviour.

They have not been happy thoughts.

Continue reading “The slow and painful death of European investment banking”

Unpicking the Sewing at Deutsche

48762762_m

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.
Continue reading “Unpicking the Sewing at Deutsche”

Cryan over you

methode-times-prod-web-bin-50cbdbc4-312d-11e8-b9ab-50675b2358e0

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.

Continue reading “Cryan over you”

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

2006ah4175_tipus_tiger

“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.

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

My 30-year bottle

IMG_0115

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.
Continue reading “My 30-year bottle”

Life lessons from the floor

life lessons - text in wood type

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?

Continue reading “Life lessons from the floor”

Blog at WordPress.com.

Up ↑