Category: Financial

NAB systems down again!

NAB systems down again!

To misquote Lady Bracknell ‘To lose one’s systems once may be regarded as a misfortune. To lose your systems twice looks like carelessness!”. National Australia’s systems went down again earlier today (their afternoon) taking out...

Why the FSA RBSG report is like the Iraq Inquiry

Why the FSA RBSG report is like the Iraq Inquiry

Since the FSA cleared RBSG executives of any wrong doing last week, following an eighteen month inquiry led by PwC, there has been mounting pressure from (surprisingly) the RBSG executives, politicians, the public and the...

Is Asia the new marmite?

Is Asia the new marmite?

RBSG has announced that it will be withdrawing from retail and commercial banking in China, but still sees China as an important market for investement and corporate banking. So anxious is it to exit...

UK in closing down sale!

UK in closing down sale!

It’s official the UK is up for sale, but better hurry up everything must go! As passengers sit out another day at our Spanish owned airports (what do they know about snow?), reading their...

Spotlight falls on Big 4 role in banking crisis

Spotlight falls on Big 4 role in banking crisis

With the annoucement that the New York State Attorney-General, Andrew Cuomo, could press charges against Ernst & Young relating to an accounting practice which allowed the Lehman Brothers to hide tens of billions of dollars in...

10 reasons why outsourcing so often disappoints the FS Industry

10 reasons why outsourcing so often disappoints the FS Industry

1.       Outsourcers don’t take enough time to understand the business outcomes that the client is looking to achieve 2.       Financial Services organisations underestimate the cultural transformation that outsourcing involves and rarely complete the transformation of...