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The 12 Barclays scandals that cast doubt on Diamond’s testimony

July 5th, 2012 (updated July 6th, 6.35pm and 11.58pm) Smearing the facilitators? Ex-Barclays chief executive Bob Diamond had been tipped to ‘throw his toys out of the pram’ in the Treasury Select Committee hearing this afternoon. He was expected to lash out at the authorities that had engineered his ousting. It was also thought he […]

July 5th, 2012 | Posted in Blog | Read More »

Banking’s ‘Milly Dowler’ moment

June 29th, 2012 This is banking’s ‘Milly Dowler’ moment. Finally the blinkers are off and the rest of the world (by which I mean people like leading politicians and the mainstream commentariat) is waking up to the culture of self serving greed and corruption that has infested the UK’s banking sector, about which I’ve been […]

June 29th, 2012 | Posted in Blog | Read More »

Financial regulation: With Griffith-Jones’ appointment, Britain keeps it in the family

By Ian Fraser Published: Qfinance Date: June 18th, 2012 I was surprised and exasperated to learn last week that chancellor George Osborne has rubber-stamped the appointment of John Griffith-Jones, the senior partner of KPMG, as chairman-designate of the Financial Conduct Authority, one of the two financial regulators that will take over from the soon-to-be-disbanded FSA. As […]

June 18th, 2012 | Posted in Article Library,Blog | Read More »

Fear and loathing in City of London as Barnier taps consumer power

By Ian Fraser Published: QFINANCE Date: April 4th, 2012 Michel Barnier is viewed with a mixture of fear and loathing in the City of London. In the Square Mile the Frenchman is variously regarded as a bogeyman, a champion of dirigisme, and even as the ringleader of a sinister Franco-German plot to undermine London’s position and ensure […]

April 4th, 2012 | Posted in Article Library,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 »

Once again, the banks reveal the great miracle of solvency

January 18th, 2012 Ian Fraser’s introduction: This blog was written by Golem XIV, a pseudonym for filmmaker and author David Malone.   The lies which got us to the purgatory we are in are being told all over again, right now, inside every bank in the Western world. Not by accident but on purpose, by men with […]

January 18th, 2012 | Posted in Blog | Read More »

The Economist loses the plot with this pro-City propaganda

January 7th, 2012 I was surprised and disappointed when I opened my copy of The Economist on Friday morning. The magazine is running a feebly-argued propaganda piece headlined “Save the City” as its cover story. The piece vaunts the “skills” that are to be found in the City of London and seeks to persuade us […]

January 7th, 2012 | Posted in Blog | Read More »

Andy Haldane’s proposals for breaking the bankers’ doom loop

By Ian Fraser Published: QFINANCE Date October 25th, 2011 For a central bank director, Andy Haldane is remarkably alert to the widening cracks in the global financial system. Delivering the Wincott Annual Memorial Lecture in London on October 24, Haldane tried to shake policymakers and regulators out of their complacency by calling for a “fundamental shift” […]

October 25th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

The dukes and earls in America’s great tower of bullshit start to blink

By Ian Fraser Published: QFINANCE Date: October 20th, 2011 There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists and even the odd deluded benefit scrounger among them, but it is simply wrong to characterize the Occupy Wall Street protestors who are camping out in 1,500 cities worldwide as wanting to overthrow capitalism, in the same way […]

October 20th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Charting the psychological journey of the UBS ‘rogue’ trader

By Ian Fraser Published: QFINANCE Date: September 22nd, 2011 The gigantic $2.3 billion losses that Union Bank of Switzerland is blaming on a Ghanaian-born “rogue” trader have added power to the elbows of all those who believe that “casino” banking ought to be completely separated from “utility” banking and should never be underwritten by the taxpayer. UBS, […]

September 22nd, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »