Panmure Gordon analyst Sandy Chen sets up his own bank

One of the City’s most respected financial analysts is setting up his own bank. Sandy Chen at Panmure Gordon, the stockbroker, is looking to raise at least £100m through a stock-market listing.The new bank, whose name has yet to be finalised, is chaired by Sir Peter Burt, the former Bank of Scotland chief.The Treasury and Financial Services Authority have already been briefed ahead of a planned launch later this year. The news comes days after Alistair Darling, the chancellor, renewed his pledge to encourage new competition in British banking.
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Take a walk on the wild side...

Joshua King, VP of Business Development and General Counsel at Avvo has great news for individuals looking to get started: For individuals doing straightforward projects (i.e., not non-profit/campaign fundraising or business investment) there’s not a need for a lot of legalese. It’s really just a matter of being clear about what you’re doing with the money and then following through. So what should your first step be? Go to Blogger (blogger), set up a blog, grab a domain name for two years, and set up one social publishing outlet to serve as your outpost. Posterous (Posterous) and WordPress.com are viable options, but don’t spend any money on your own Wordpress (WordPress) hosted blog until you start to make some money. Blogger and the two-year registration gives you SEO juice, and focusing on one outpost allows you to build, manage, and maintain your community. You don’t need to be everywhere to be successful.
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The 12-Hour Incubation of a Crowdsource Investment Idea

I came across this...What makes the social media intriguing is its facility to provide instant interpretation of random ideas and acts. These acts, adhoc and experimental by nature, generate interest – controversial, amusement, alternative perspective – within a social sphere, which then extends the premise within hours. This kind of micro-media will filter the best ideas, extend them further, until they are “news”… or worth reporting by mass media. We’re all privy to the incubation of these ideas depending upon the networks we belong to or share.
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Twitter: A micro-financing vehicle?

I came across this....Jason Goldberg, founder of aggregation service Socialmedian — and the controversial former CEO of Jobster — set off a bit of a hand grenade via Twitter today, when he posted a message saying that his company was looking to raise some money. The full text of his message (which he later deleted, but which is still available on FriendFeed) was:
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The Collective Scheme Investment Guide FSA (UK)

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