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Bankers’ bonuses

By Ian Fraser Published: Sunday Herald Date: December 26th, 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 persuade the bankers to show […]

December 26th, 2010 | Posted in Article Library,Latest Articles | Read More »

Trust Me I’m A Banker

October 11th, 2010 BBC Scotland’s Trust Me I’m A Banker will be aired on BBC1 Scotland at 7.30pm tonight. I was interviewed for the programme on whether the Graeme Shankland / Bank of Scotland Integrated Finance deal — which saw the ownership of a troublesome private equity portfolio amassed by HBOS at the peak of […]

October 11th, 2010 | Posted in Blog | Read More »

Inside the topsy turvy world of Goldman Sachs

August 5th, 2010 I just found Antonio Garcia-Martinez’s blog which, perhaps better than anything else I’ve read, enscapsulates the corrosive internal culture at  New York-based investment bank Goldman Sachs. In 2005 Garcia-Martinez was studying for a physics PhD at the University of California, Berkley when he was tempted to Wall Street by the prospect of […]

August 5th, 2010 | Posted in Blog | Read More »

Bonuses are back, but where’s the outrage?

September 6th, 2009 Bonuses are back. That much became clear when the Royal Bank of Scotland, 70%-owned by the taxpayer, agreed a £9.7m package with its new-ish chief executive Stephen Hester (pictured above) in June. In August it emerged the bank is handing multi-million golden hellos to other staff. Recipients included bond trader Antonio Polverino, […]

September 6th, 2009 | Posted in Blog | Read More »

Reinventing finance

August 24th, 2009 The financial crisis that reached its height in September-October 2008 has presented a once-in-a-lifetime opportunity to reinvent finance, ensuring it exists to serve business and society, rather than the other way around. Yet the agenda of free-market politicians and finance industry insiders is to pretend what happened was a ‘blip’ and to […]

August 24th, 2009 | Posted in Blog | Read More »

Do Merrill Lynch bankers know no shame?

January 23rd, 2009 The clutch of  investment bankers who advised Royal Bank of Scotland, Banco Santander and Fortis on their joint €71bn three-way takeover of ABN Amro in 2007 have recently received vast bonuses for their part in the deal — even though it ended up destroying most of the banks involved. Merrill Lynch put […]

January 23rd, 2009 | Posted in Blog | Read More »