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LONDON — I talked to an M&A banker on the weekend. Made me think of my time at high school dances. Always standing on the wall, trying to look cool. But never out on the actual dance floor. The merger and acquisition market is a bit quiet at the moment. And amen to that. We’re busy enough without it. Businesses are [...] CHELSEA — The problem with change is that you cannot always foresee what might happen next. So you create an anticipated direction of travel and risks, issues, dependencies etc. along the way. That’s how it’s done. In a nutshell. The problem with Britain’s big banks though is not that they don’t know what might happen next. They do, but they’re determined to [...] PICCADILLY — I love summer weekends. There’s so much going on that for a brief period it feels like there’s more to life than work. I’ve been running from pillar to post for 10 days. It’s amazing I am still upright. But Saturday I stood still long enough to soak up some chatter from some friends in the world’s [...] ANOTHER TAXI IN KL — I am on my way to the airport. The circus is leaving town. In another 24 hours of lounges and airplanes I will be home. It’s been a hugely rewarding experience. I have spent the last two days locked in a room with internal communications people from Vietnam, Malaysia, the Philippines, Brunei, and [...] TCR — Something quite amazing happened yesterday. Did you see it? No, it wasn’t the Blur concert. Or the Beckham’s nanny, or Tiger talking about Lefty’s wife. Yesterday the leaders of Brazil, Russia, India and China met. They were in Yekaterinburg, of course. My view is that they [the banks] are partly to blame and there are people who feel remorse about this. [Note to Sir Win: Good use of the third person, impersonal. "We don't know who these people are, but, by Jove, I swear they are out there!"] For this season, all the [...] TOTTENHAM COURT ROAD — They’re all in a mess today. Citigroup was once my poster-child for what a global business could be. Now they’re borrowing more than the GDP of Oman. Standard Chartered has long been a favourite because they bank neatly in places that need neat banking – India, [...] |
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