Banks slammed again for their business lending

“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

Buffett makes a mint from Goldman Sachs stake

“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

Warren Buffett says let the bankers go bust

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:

“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

Posted Oct 06, 2010

ICB in bank break up threat

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

Another Investment Banker Set For Top UK Banking Job

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

Bank of England drops in new quantitative easing hint

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

Money supply goes south

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

Basel III Rules: common sense, uncommon error in the making

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

Has Barclays got diamonds on the soles of its shoes, or is it something else?

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

Sarkozy says to banks: come to France and leave that dirty City of London behind

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

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