Last Words on the London Whale

Last Words on the London Whale

By The Banker | Blog Posts, Wall Street

The last thing this world needs is another comment on the London Whale, but I’ve been silent on the topic for over a year, and today’s announcement that JP Morgan will pay $920 million in penalties, plus offer an apology, inspired a few quick thoughts. The settlement is meaningless, as punishment All along, the London [&hellip

What's In My Wallet?  Hope.

What’s In My Wallet? Hope.

By The Banker | Blog Posts

I recently complained about my business bank’s proposed unilateral change in checking account terms because they moved from simple to complicated in their cost structure. Not only that, but earlier this Spring I had written that they really rubbed my rash when I tried to close a line of credit with a 2 cent balance [&hellip

Excel Cheat Sheet - And Not Just For Beginners

Excel Cheat Sheet – And Not Just For Beginners

By The Banker | Blog Posts, Personal Finance

I’ve been spending my days lately putting together lessons on Excel for beginners. A reader sent a link to this printable info-graphic – a great way for folks new to Excel, as well as experienced Excel users, to dig into the power of the program. The first two pages are very basic, and then the [&hellip

Book Review: Cities And The Wealth Of Nations by Jane Jacobs

Book Review: Cities And The Wealth Of Nations by Jane Jacobs

By The Banker | Book Reviews

Jane Jacobs begins her Cities And The Wealth Of Nations with a fundamental critique of mainstream economics.  Cities – and not nations – she argues, are the fundamental wealth producers, and therefore cities – and not nations – should be the basic unit of analysis for economics and finance. From this critique flow original ideas [&hellip

Plutocrats Video - TED talk by Chrystia Freeland

Plutocrats Video – TED talk by Chrystia Freeland

By The Banker | Audio Posts, Book Reviews, Video

Inequality – in particular the growth of the super-rich – is a topic that should be better understood than it is. Earlier in the year I reviewed the interesting book Plutocrats – The Rise of the New Global Super Rich by Chrystia Freeland. If you prefer your knowledge in 15 minute video form rather than [&hellip