“Banks are letting down business,” says a new report. “No they are not,” says the bankers’ very own association.
Banks, eh? At the best of times most of us moan about them, but when the national mood has become anti bank, blaming them for our troubles is all too easy.
Now a...Read More
“My favourite timeframe for holding an investment is forever,” said Warren Buffett once. Well, it doesn’t look like his stake in Goldman Sachs, bought in September 2008, will last so long. Even so, our Warren has pocketed himself a tidy fortune. Maybe the government should take a leaf out of...Read More
Posted Oct 22, 2010
Actually, Warren did not just call for letting bankers go bust, he wants to see their wives go under, too. This is what he said:
Posted Oct 06, 2010
“People have a propensity to gamble, and it gets made easier and easier for them.” He added: “One of the problems we still have...Read More
Today the ICB spoke – that’s the Independent Commission on Banking. It seems a break up of the banks is still on the cards.
The Chairman of the Commission, Sir John Vickers, put it like this: “Questions about the structure of banking need to be debated in an open, rational...Read More
Posted Sep 24, 2010
Gulliver travels to the top
What’s up at HSBC? It all started innocuously enough, with HSBC Chairman Stephen Green announcing his intention to step down and take up the role of trade minister. No one had a problem with that. Mr Green is widely considered to be a good...Read More
Posted Sep 24, 2010
You could say quantitative easing (QE) is not very popular with some people, but then you could say the Devil is not much liked around here. For some, the two opinions mean pretty much the same thing. Even so, the latest minutes from the Bank of England revealed more QE...Read More
Posted Sep 23, 2010
Psst, we will let you into a secret. While analysts and commentators tussle over whether there will be a second dip recession, or a full-blown boom, they seem to miss one of the most important trends of the lot. For alas, despite the fact that central banks have been printing...Read More
Posted Sep 14, 2010
The last couple of days have seen a new banking accord: Basel III. This one really is significant. Banks across the globe are being forced to change their approach to risk. The new accord is totally logical, is complete common sense, and will transform global banking. Alas, it is...Read More
Posted Sep 13, 2010
Sometimes for journalists, just the name can be like manna from heaven. George Best was the best; Usain Bolt runs like a bolt of lightning; Arsène Wenger is just an L short of having the same name as the team he manages. And then there’s Barclays. Its new boss even...Read More
Posted Sep 10, 2010
Maybe this is a tad hypocritical, but after spending much of the last two years deprecating the evils of Anglo-Saxon banks, the French premier, a certain nearly headless Nick Sarkozy has begun a drive to lure those same banks from London to Paris.
The story goes that our Nick has been...Read More
Posted Aug 24, 2010