RBS forced to recognise it’s not above the law after losing software dispute
Royal Bank of Scotland again discovers it’s not above the law. On Friday, a U.S. judge ordered the Edinburgh-based Royal […]
Financial Times
Idea that banks can be trusted to police themselves is one of most dangerous of modern times
On 1 January 2008, some bright sparks at the FSA decided it was appropriate to grant Advanced Internal Ratings Based
Let’s emancipate ourselves from financial slavery. Guest post by Paul Moore
By Paul Moore Ian Fraser’s introduction: Paul Moore, the ‘HBOS whistleblower’, has launched a new organisation, the New Wilberforce Alliance,
CBI and Barclays still ensnared by the delusion of performance-related pay
The debate over executive pay is turning ugly. In the UK, investor disquiet about the unwarranted rewards routinely doled out
Fear and loathing in City of London as Barnier taps raw consumer power
Michel Barnier is viewed with a mixture of fear and loathing in the City of London. In the Square Mile,
The time is now. Why we need a proper, independent Public Inquiry into UK banks
Demands for a Leveson-style public inquiry into the UK’s dysfunctional banking sector are reaching a crescendo following the FSA’s partial
Neo-classical economics led us into a cul-de-sac. Now we must find a way out
The “Washington Consensus,” the set of free-market policies promoted by Washington D.C.-based institutions such as the World Bank and International
Are hedge funds and private equity funds fleecing their investors?
The Berkshire Hathaway chairman Warren Buffett (pictured above playing the ukelele) once famously quipped that a hedge fund is a “compensation scheme
The Economist loses the plot with this pro-City propaganda
I was surprised and disappointed when I opened my copy of The Economist on Friday morning. The magazine is running
Occupy: “The dukes and earls in America’s great tower of bullsh*t are starting to blink”
What is Occupy Wall Street and what is it trying to achieve? There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists
Banks now in permanent role of looters
Regular readers of this blog may have noticed that I’m sceptical about the integrity of many bankers and suspicious of
‘Bling’ Crosby’s day of reckoning
This charade of apology is a diversion from bankers’ role in financial destruction Edith Piaf’s chanson “Non, Je Ne Regrette
The end of laissez-faire?
REGULATION: The cataclysmic events in the financial world have turned the tide against faith in the self-correcting power of the
Goodwin hunting
Businessperson of the Year: Sir Fred Goodwin THE €71 billion (£49 billion) takeover of Dutch bank ABN Amro was a