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Andy Hornby and Peter Cummings said to have fought as they led HBOS to disaster

November 19th, 2012 My review of Ray Perman’s Hubris: How HBOS Wrecked the Best Bank in Britain was published in the Scottish Review of Books at the weekend. The full review — which is in fact more of an essay about how a small group of misguided people trashed Scotland’s banking sector and squandered three […]

November 19th, 2012 | Posted in Blog | Read More »

Simon Carswell: Inside Ireland’s, and probably the world’s, worst bank

September 24th, 2012 I’m half way through Simon Carswell’s Anglo Republic: Inside the bank that broke Ireland, and it’s a gripping read. In the book Carswell, finance correspondent of the Irish Times, describes how, from small beginnings, Anglo Irish Bank became a highly leveraged bet on the future of Ireland’s increasingly unsustainable property market, became a […]

September 24th, 2012 | Posted in Blog | Read More »

Does RBS boss Stephen Hester deserve his £1m bonus?

By Ian Fraser Published: QFINANCE Date: January 27th, 2012 The board of Royal Bank of Scotland and its remuneration committee, led by the ex-Coca Cola executive Penny Hughes but also comprising ex-Standard Life boss Sandy Crombie, must have decided let’s just go for it and to hang with the consequences. The RBS board of directors […]

January 28th, 2012 | Posted in Blog | Read More »

Chris Hedges on “The Alyona Show”

October 8th, 2011 Pullitzer prize-winning war correspondent and author Chris Hedges last week spoke to RT’s Washington correspondent Alyona Minkovski to give his views on the fast-growing Occupy Wall Street movement. Standing amongst protesters from the Occupy D.C. protest, Hedges explained the deep sense of frustration that is giving the movement impetus in the US […]

October 9th, 2011 | Posted in Blog | Read More »

Whalen: We need to stop the bailouts and the corrupt corporate statism

September 13th, 2011   I enjoyed this video in which The Daily Ticker’s Aaron Task and Henry Blodget interview Chris Whalen of Institutional Risk Analytics. Chris pours cold water on recent claims from Nouriel Roubini that Karl Marx was right about the self-destruction of capitalism and goes on to give a history lesson, including recommending […]

September 13th, 2011 | Posted in Blog | Read More »

Does Vickers go far enough?

September 12th, 2011 This morning I was listening to Nicky Campbell’s phone-in programme on BBC Radio 5 Live. The topic was the final proposals of Sir John Vickers’ Independent Banking Commission for reforming the UK’s banking system, which were published this morning. To many, including Philip Augar (who since leaving the City in 2000 has done […]

September 12th, 2011 | Posted in Blog | Read More »

It’s too early for Europe’s leaders to crack open the Champagne

By Ian Fraser Published: QFINANCE Date: July 26th, 2011 The package of measures thrashed out by French president Nicolas Sarkozy, German chancellor Angela Merkel and other European policymakers at their emergency summit on July 21 was immediately hailed for its boldness. After months of prevarication the continent’s leaders seemed to have pulled out all the […]

July 27th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Italy offers a warning

By Ian Fraser Published: Sunday Herald Date: July 17th, 2011 There aren’t many signs of national bankruptcy in Siena. There is the odd boarded-up shop and the occasional “everything under 99c” store but the cafes are full and la dolce vita goes on. So it came as a shock to find that Italy is being lined […]

July 17th, 2011 | Posted in Article Library,Latest Articles | Read More »

Why the IMF needs a non-European head

June 1st, 2011 In wake of the resignation of “le seducteur extraordinaire” Dominique Strass-Kahn, we are in desperate need for some fresh thinking on Europe’s sovereign debt crisis. Yet the EU is determined to impose the French finance minister and former corporate lawyer Christine Lagarde as the IMF’s next boss (and she has been touring BRICs […]

June 1st, 2011 | Posted in Blog | Read More »

What Strauss-Kahn’s arrest means for the eurozone — and for France

May 16th, 2011 The surprise arrest last Saturday of the IMF managing director Dominique Strauss-Kahn at Kennedy airport in New York on sex charges could not have come at a worse time for international financial markets. Rather than dwell on innocence, guilt or the detail of the offences of the former French finance minister is alleged […]

May 16th, 2011 | Posted in Blog | Read More »