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Chris Hedges on “The Alyona Show”

In Blog by Ian Fraser2 Comments

8 October 2011   Pulitzer 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 …

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Does Vickers go far enough?

In Blog by Ian Fraser1 Comment

12 September 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 …

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Italy offers a warning

In Article Library, Latest Articles by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 17 July 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 …

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Why the IMF needs a non-European head

In Blog by Ian Fraser0 Comments

1 June 2011 In wake of the resignation of “le séducteur 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 …

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Andy Haldane: how to break banking’s ‘doom loop’

In Blog by Ian Fraser2 Comments

21 February 2011 The Bank of England’s Andy Haldane gave a fresh perspective on the causes of the global financial crisis and ran through the UK central bank’s favoured cures at a recent lecture he gave to Irish thinktank the Institute of International and European Affairs. Haldane, the BoE’s executive …

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Bailey makes heavy hints on TBTF

In Blog by Ian Fraser0 Comments

14 January 2011 We already know that financial regulation is due for a radical shake-up in the UK, but Andrew Bailey, executive director and chief cashier at the Bank of England, has given the clearest signal yet that the structure of the banking sector will also be overhauled. In a …

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Review of 2010: Making the eurozone ‘crisis-proof’?

In Blog by Ian Fraser0 Comments

5 January 2011 Whereas 2008-09 was a period when the developed world leaders were scrabbling around for politically acceptable measures about mopping up the mess left behind by years of weak regulation, poor management and reckless lending by banks and financial institutions, 2010 was a year in which the consequence …

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Getting tough on bankers’ bonuses

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 26 December 2010 Ever since Gordon Brown bailed out Britain’s banks in October 2008, the saga of bonuses has become one of the longest-running and most contentious in British public life. Politicians have been scrabbling for ways to respond to public anger and …

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Irish bailout seems to unravel before it’s even announced

In Blog by Ian Fraser0 Comments

27 November 2010 You know that things must be getting desperate in Ireland when the Irish want to draft in Ryanair chief executive, Michael O’Leary to help run the country. According to a Reuters report, the no-nonsense Cork-born airline chief executive, whose opinion of the country’s politicians is regularly expressed …

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Trust Me I’m A Banker

In Blog by Ian Fraser1 Comment

11 October 2010 BBC Scotland’s Trust Me I’m A Banker will be aired on BBC1 Scotland at 7.30pm tonight. I helped to research the programme and was interviewed for it on whether the Graeme Shankland / Bank of Scotland Integrated Finance deal — which saw the ownership of a troublesome …