January 2010

President Barack Obama with presidential seal. Photo: National Defense University. This file is licensed under the Creative Commons Attribution 2.0 Generic license.

Obama grasps nettle of “too big to fail” banks

Ian Fraser / January 24, 2010

Believe it or not, I have some sympathy for the politicians who are having to sort out the widespread problems […]

Eric Daniels, CEO of Lloyds Banking Group. Photo: Financial Times. File licensed under the Creative Commons Attribution 2.0 Generic license.

Eric Daniels insists HBOS disclosures were “thorough”

Ian Fraser / January 12, 2010

Eric Daniels believes Lloyds’ disclosures relating to its HBOS takeover were “thorough” and “accurate”. So why no mention of £25bn

Edinburgh's Caltongate project has been on hold since Lloyds Banking Group put developers Mountgrange into administration in March 2009. Photo Angus Mcdiarmid. File licensed under the Attribution-NonCommercial 2.0 Generic creative commons license

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Developments ‘paralysed’ as bankers dither over selling sites

Ian Fraser / January 10, 2010

SCOTLAND’S banks are sitting on hundreds of millions of pounds worth of hidden toxic debt from property loans that are