If Leon Cooperman opened London’s Sunday Telegraph newspaper yesterday, he probably liked what he read. Cooperman, founder of the $3.4 billion hedge fund Omega Advisors, is one of the largest shareholders of Monitise Plc (LON:MONI) (OTCMKTS:MONIF), a firm that facilitates online banking transactions. In the Sunday Telegraph the British Bankers’ Association (BBA) revealed they will release a new report that concludes the “era of the traditional bank branch is dead,” a movement that could benefit the stock of Monitise, according to a report from BTIG Research. The end of branch banking has begun The BBA is an industry association representing…
Branch Banking Is Dead Say Britian's Big Banks
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.