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FCA colluded to cover up alleged HSBC fraud


January 23, 2015 When John Griffith-Jones and Martin Wheatley, chairman and chief executive of the Financial Conduct Authority, appear before the Treasury Select Committee at 9.30am next Tuesday, 27 January, the 13 MPs on the committee have an unprecedented opportunity to establish whether the FCA, just like its predecessor the FSA, is colluding with banks to cover up alleged fraud. The MPs will almost […]

January 23rd, 2015 | Posted in Blog | Read More »

Paul Mason is right to be angry with RBS


November 12th, 2014 This is brilliant off-the-cuff reporting by Paul Mason, economics editor of Channel 4 News. It’s all very well for the Royal Bank of Scotland’s chief executive Ross McEwan to claim to be angry that some of his bank’s traders rigged the FX markets in order to rip off the bank’s clients and counterparties. But I […]

November 12th, 2014 | Posted in Blog | Read More »

Was Mallett thrown to the wolves to save BoE’s skin?

Photo: Andrew Winning/Reuters

November 12th, 2014 Guest Post by Rowan Bosworth-Davies One of the major unexplained elements in the foreign exchange (forex) rigging case is the level of knowledge of manipulative activity possessed by the Bank of England. If it, as a leading market participant and a regulator, had prior knowledge that the forex markets were being manipulated, or […]

November 12th, 2014 | Posted in Blog | Read More »

Danny MacAskill takes stunt cycling Skye high


October 2nd, 2014 This is easily the best Danny MacAskill video ever. I particularly like the bit where the fearless stunt cyclist is perched on top of the Inaccessible Pinnacle, adjacent to the summit of Sgurr Dearg. The seeming nonchalance with which MacAskill climbs the “In Pin”, as it’s called, with his bike on his shoulder, and the […]

October 2nd, 2014 | Posted in Blog | Read More »

Why Cameron should change tack and abide by the spirit of Edinburgh

The prime minister, David Cameron, and the Scottish first minister, Alex Salmon

September 16th, 2014 In an interview broadcast on BBC1 earlier this evening, David Dimbleby asked Scotland’s first minister, Alex Salmond, for his views on possible currency and financial market turmoil in the event of a “Yes” vote in the Scottish independence referendum. Dimbleby was implying that, in the event of a “Yes” vote this Thursday, markets will […]

September 17th, 2014 | Posted in Blog | Read More »

Decrying Wolf’s ‘What happens after a yes vote?’


September 16th, 2014 (last line edited September 17th, 2014) Martin Wolf repeats a number of fallacies about Scottish independence that have long since been disproved in the debate he has missed, writes Professor David Simpson The only positive message to be taken from Martin Wolf’s article, published in last Saturday’s Weelend FT, (“What happens after a yes […]

September 16th, 2014 | Posted in Blog | Read More »

How the BBC muzzled a professor who cast doubt on its impartiality


August 30th, 2014 Meet John Robertson, professor of media politics at the University of the West of Scotland. Robertson led a team of researchers from the University of the West of Scotland (UWS) that investigated how TV broadcasters were covering the Scottish independence referendum campaign. The research, which covered the period September 2012 to September 2013, included an analysis of 620 hours of news broadcasts on […]

August 30th, 2014 | Posted in Blog | Read More »

Ross McEwan: “RBS is a yacht with a spinnaker up”


July 13th, 2014 On 2 May 2014, the Royal Bank of Scotland’s New Zealand-born chief executive, Ross McEwan, unveiled a surprisingly strong set of financial results for the bank that he has led since 1 October 2013. But has it really turned the corner? McEwan the and RBS’s outgoing finance director Nathan Bostock then answered […]

July 12th, 2014 | Posted in Blog | Read More »

Shredded Tweets


July 7th, 2014 Here is a selection of tweets about Shredded: Inside RBS The Bank That Broke Britain which was published by Birlinn Books on 6 June (a few other Shredded Tweets are posted here). I’d like to thank all the senders of these messages for buying the book, reading it, and for their positive feedback. It’s heartening […]

July 7th, 2014 | Posted in Blog | Read More »

The FCA no less ‘captured’ than its predecessor


June 27th, 2014 (minor edits Oct 3rd) The Financial Conduct Authority, established in April 2013, has failed its first test. Its review of the interest rate swaps that were sold on an industrial scale by banks to gullible small business customers, especially in 2004-08, has fallen short on a number of fronts. (for more on the fraudulent […]

June 27th, 2014 | Posted in Blog | Read More »

Fraser on Twitter

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