Peer review? No thanks. thierry ehrmann

Hate the peer‑review process? Einstein did too

Most academic papers today are published only after some academic peers have had a chance to review the merits and limitations of the work. This seems like a good idea, but there is a growing movement…
Pfizer can protect its offices, but what about its share price? Michael Fleshman

Merger madness rarely pays off, so why do firms still make these deals?

Here’s the thing about big corporate mergers: in the long run, they’re rarely successful. And yet they keep happening. In fact, the corporate world is witnessing a wave of merger and acquisition mania…
The last word is still accurate, at least. EPA

Now Co‑op is just another bank, it’s time to ditch the name

Just when members of the Co-op thought the group’s increasingly farcical situation was coming to an end, it was revealed that the bank had overlooked £400m in fines for mis-selling payment protection insurance…
Fight or flight? Bankers likely to opt for the second. BK and EP

Fear of risk linked to high stress hormone in bankers

In times of financial uncertainty and crisis, high stress reactions lead to traders becoming more risk averse, which drives pessimism and further falls in finance, according to a new study. This is because…
It’s hard to keep track of all this currency. epSos.de

Changing traders and tech won’t stop currency rigging

Authorities in New York have announced they are launching an investigation into the manipulation of the world’s biggest financial market – the US$5.3 trillion a day traded in currencies. New York regulators…
Scrooge McDuck: a classic case of wealth addiction. Carl Barks/Disney

Bonus obsession makes bankers miserable

News that many of the large banks will continue to pay large bonuses has sparked off another round of public anger. Even the beleaguered RBS hopes to offer some of its top bankers bonuses worth 200% of…
The lights are on; is anyone home? Lefteris Pitarakis/AP

The hidden cost of curbing banker bonuses

This week sees the large investment banks start to announce their quarterly earnings and reveal the bonuses paid to staff. When the public see amounts of money they would not dream of earning in decades…
Straight-laced no more, the Zappos office is getting a makeover. TechCocktail

Goodbye to bosses? Zappos is biting off more than it can shoe

Imagine a company without managers, structure or even job titles. Sounds like a fantasy of some anarchist collective? Think again, the Las Vegas-based online shoe retailer Zappos which is entirely owned…
EasyJet boss Carolyn McCall is one of few women at the top of UK business. Steve Parsons/PA

The evidence is clear: firms do better with women on board

In the UK, women make up just just 17.3% of FTSE 100 companies’ board members. This puts the UK 5th in the world behind Norway, Sweden, Finland and France. Things are certainly improving: 44% of new appointments…
The start of something beautiful? Garrett Heath

Twitter frenzy could generate another tech bubble

During the past few years, a strange evening ritual has begun to spring up around the City of London. Instead of heading to the local pub with their colleagues, city workers are flocking to cocktail parties…
Dance with the devil and the devil don’t change: he changes you. HowardLake

Co‑op’s latest blunder spells the end for ethical banking

The Co-operative Bank is no longer. What was once an experiment in working class self-help has become the latest victim of rapid changes sweeping the financial sector. It seems unlikely that the ethical…
What does a shilling get me? epSos.de

Bankers have no reason not to fix currency rates

This week it was revealed that the UK’s Financial Conduct Authority (FCA) is investigating allegations that London-based currency traders in large financial institutions were manipulating exchange rates…
I say, look at the size of this larder. Oli Scarff/PA

Help to Buy is a problem for UK banks, by default

Mortgage rates for the government’s Help to Buy scheme were announced yesterday amid the usual torrent of criticism for a policy that has very few friends. One Daily Telegraph commentator deemed the policy…
All this cash should soften the landing. Sheba_Also

Finns crestfallen as golden parachute tangles up Nokia

After the revelation that Stephen Elop, the CEO of Nokia, received a bonus of €18.8m following the company’s merger with his former employer Microsoft, executive “golden parachutes” are back on the public…
Janet Yellen: leader or follower? IMF

It doesn’t really matter who chairs the Federal Reserve

The surprising news that Larry Summers has withdrawn his bid to become the next chair of the US Federal Reserve has opened up the big question of who should lead America’s central bank. The new front runner…
Investment bank for sale, no careful owners. John Stillwell/PA

Banking’s Lehman lesson is that change must be cultural

This weekend will see the 5th anniversary of the collapse of Lehman Brothers, an event that tipped the world into economic crisis and shoved banking into the spotlight. The critical state of the world’s…
The US and Finland: united by ice hockey and not much else. RicLaf

Microsoft‑Nokia culture clash will be tough to overcome

Among Western nations it would be difficult to find two cultures as different as the US and Finland. Americans are stereotypically confident and outgoing; Finns considerably more reserved. This is even…
Sailing through troubled waters. Chris Ison/PA

‘Window dressing’ will not restore JPMorgan’s image

Another week, another banking scandal. In the past few years we have seen what appears to be an endless line-up of banks behaving badly. They have engaged in rate manipulation, rogue trading, product mis-selling…
That’s one expensive cetacean. wwfunitedkingdom

A whale of a time: how traders cost JP Morgan billions

As long as there have been financial markets, there have been serious financial losses. But the traders of today have shown a talent for blowing billions. During the most recent round of financial misadventures…
Goodbye Wonga, hello credit co-ops? Catholic Church (England and Wales)

Welby’s Wonga wobble as he takes on the financial sector

The Archbishop of Canterbury, Justin Welby, has become increasingly involved in debates about the UK financial sector. The embarrassing revelations that the Church has invested indirectly in payday lender…
Taking on water is the last thing a sinking vessel needs. amirjina

Bail ins are the new bail outs, but they won’t save banking

Bailing out banks is so 2008. It seems 2013 is the year of the bank “bail in”. It started with the Co-operative Bank in the UK, when the bank’s management decided to “bail in” some of its bond holders…
Bankers forgot how to be clever. Scott Ableman

Banking report suggests a cure for stupidity epidemic

For a brief period of time in the 1980s, one of the biggest selling t-shirts carried a print of an arrow which simply said “I’m with stupid”. It pointed to the person next to the witty wearer. In the 1990s…
RBS: Not as valuable as it used to be. David Cheskin/PA

RBS sale: bad for taxpayers, bad for banking

The UK could be about to make a multi-billion pound mistake. Plans to sell-off the 82% share of the Royal Bank of Scotland (RBS) and the 39% share of Lloyds owned by the taxpayer are gaining favour in…

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