The use of cell phones to conduct banking activities is still a relatively new capibility for many banks. Not suprisingly then, that, according to a recent study, currently only 1% of all customers uses a cell phone to perform a banking transaction or seek financial information. As might be expected, younger people - particularly those in the 18-34 segment - have the highest awareness and current use of any of the subgroups they examined. As awareness and interest in mobile banking spreads to other age groups, and given the speed of technical adoption, mobile banking is expected to be used by 35% of online bankers by 2010.
Yasmin De Wolf
http://www.mobielbreedband.nl/tag/m-banking/
dinsdag 14 oktober 2008
Sumo's on Top
Not everyone joins in the financial crisis, our peers in Japan do not fall into arrears, they have a lot of cash and good looking balance sheets. One of the most unique skills of our eastern neighbours is dealing with crises, they survived a crisis in 1990 where they have picked up a lot of experience. With their wonky economy and ageing population the only way out is invest abroad, so they do! The ¥900 billion investment in Morgan Stanley gives us hope so we could say sayonara to our financial crisis. (the economist)
Yen Bosmans
Top clubs sweat on bank debts
Nowadays, several top clubs playing in England’s Premier League, are suffering from the financial crisis, especially those that owe a lot of money to recently nationalized and sold British high-street banks. Some of the clubs (Arsenal, Liverpool) will have to discuss their finances with a new, yet unknown, bank manager; others (Bolton Wanderers) are very likely to become debtors to the huge sums of money they have borrowed from their bank. Luckily for these teams, most loans are considered to be “commercial matters” for the banks rather than sums of money that must be refunded to the creditors. Nevertheless, it will be hard banking times for several Premier League clubs in these times of financial crisis.
Jasper Dely
(http://www.guardian.co.uk/sport/2008/oct/14/stokecity-boltonwanderers)
Warren beats Bill
After being on top of the rank for 15 years, Bill Gates is no longer the richest man of the United States.
According to Forbes, an American economic magazine, the new richest American is Warren Buffet, the legendary investor.
Forbes claims that, despite the financial crisis, Buffet earned 8 billion dollars during September, which puts his total assets at 58 billion dollars, Gates on the other hand lost 1.5 billion and has 57 billion dollars.
Bill Gates is not the only American with a big loss, 17 other billionaires lost considerable amounts of money due to the financial crisis.
(De Tijd)
Tim Busschaert
Hyperinflation
Zimbabwe’s official inflation rate has reached a never seen height of 231 million percent.
The economic situation is so bad that the value of the paper of a banknote is higher than the amount on it. Because of a political deadlock, it’s difficult to stop this economic crisis that really affects the Zimbabwean people.
The economic situation is so bad that the value of the paper of a banknote is higher than the amount on it. Because of a political deadlock, it’s difficult to stop this economic crisis that really affects the Zimbabwean people.
Millions of Zimbabweans are starving and they urgently need food aid.
Stef Dauwe
Mobile phone messages cause a bank run in Hong Kong
Considering the worldwide financial crisis, banks in South East Asia seem to be quite stable, however on September 24th there were rumours, spread by text messages, suggesting that the Bank of East Asia had some problems. As a result people went queing for the bank in order to withdraw their money, but instead of getting into panic, they all remained very calm. The Bank of East Asia said that the rumours were false and that the amount of riscs was only 1% of the total capital. To avoid more panic, the bank extended its opening hours and spread messages to tell the depositors that the bank was enough liquid and capitalised.
Lien De Cuyper
(www.economist.com)
Why don't you write a book?
If the financial crisis would be good for anyone, it would probably be for authors.
Many authors believe that their books about the banking bust will lead them to a successful career and the publishers can’t wait to sign up authors because they think those will lead them to huge sales.
Nowadays the world is submerged with several books about this worldwide confessed subject.
Unfortunately this will not be a success because those topics can never handle about the present economy and even when it is a success, it is due to good fortune.
Many authors believe that their books about the banking bust will lead them to a successful career and the publishers can’t wait to sign up authors because they think those will lead them to huge sales.
Nowadays the world is submerged with several books about this worldwide confessed subject.
Unfortunately this will not be a success because those topics can never handle about the present economy and even when it is a success, it is due to good fortune.
Ine Beeckman
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