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Paul Moore: Why Griffith-Jones must step down as FCA chairman

John Griffith Jones ex KPMG, currently with FCA

April 20th, 2013 Trust in UK financial regulation and auditing cannot be rebuilt unless John Griffith-Jones (pictured right) steps down as chairman of the Financial Conduct Authority, writes HBOS whistleblower Paul Moore, who is also calling for a public inquiry into KPMG’s pre-crash audits of the collapsed bank HBOS. The need for such an inquiry was reinforced on 11 April, […]

April 20th, 2013 | Posted in Blog | Read More »

Martin Wheatley reveals himself to be no less ‘captured’ than his FSA predecessors

Libor Martin Wheatley

September 28th, 2012 (updated Sept 29th, 2012) In the days after the Libor scandal erupted with the Barclays settlement of June 27th, there was little doubt about it. Banks including Barclays had been systematically engaged in the rigging, and attempts to rig, the Libor interbank rates as well as other aspects of the financial markets […]

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

Rowan Bosworth-Davies | It’s time we stopped assuming bankers are gentlemen

House of Lords

April 4th, 2012 In the third in a series of guest posts, Rowan Bosworth-Davies, a financial crime consultant and former Scotland Yard detective, examines the strange assumption that ultimately led to the failure of the FSA When I was a detective at the Metropolitan Police Company Fraud Department, in 1984, my commander sent me to the USA to […]

April 4th, 2012 | Posted in Blog | Read More »

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

Occupy Wall Street

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 »

On banking, David Cameron is clueless

David Cameron

October 5th, 2011 David Cameron displayed an astonishing lack of understanding of the banking sector in his interview with Sarah Montague on the BBC Radio 4 Today programme on Tuesday morning (as I’m afraid did Sarah, given her blinkered obsession with “bonuses”). If Cameron’s stumbling performance was due to ignorance, then it’s simply inexcusable. If […]

October 5th, 2011 | Posted in Blog | Read More »

James K Galbraith: Wall Street so riddled with fraud, it’s beyond repair

Wall Street Money Making Machine

October 3rd, 2011 So it was endemic fraud and the collapse of the rule of law—not global imbalances or government and regulatory failure—that destroyed the financial system. In a keynote speech given at the Post Keynes conference in Denmark earlier this year, the Keynesian economist James K. Galbraith of the L.B.J. School of Public Affairs at the University of Texas at […]

October 3rd, 2011 | Posted in Blog | Read More »

Are Wall Street sans-culottes capable of storming of neo-liberal capitalism’s Bastille?

occupy Wall Street

September 22nd, 2011 The Occupy Wall Street protests, which kicked off last Saturday, have been derided as an irrelevance by the likes of Nathalie Rothschild in Spiked, and largely ignored by the mainstream media. I accept that the turnout has been much lower than predicted and that some of the protestors are whimsical youngsters who seem somewhat [...]

September 22nd, 2011 | Posted in Blog | Read More »

Accountancy lost sight of its primary role to the detriment of us all

Old fashioned accountants

By Ian Fraser Published: QFINANCE Date: July 11th, 2011 Accountancy has changed beyond recognition since the 1970s. At that time the accountancy professor Roy Sidebotham wrote: “There seems to be no limit to the optimism of businessmen… which the growing complexity of the market opens up. The first line of defence of investors and creditors is the […]

July 11th, 2011 | Posted in Article Library,Blog | Read More »

The People vs. Goldman Sachs

Lloyd Blankfein

By: Matt Taibbi Published: Rolling Stone Date: May 26th, 2011 A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. […]

May 12th, 2011 | Posted in Article Library | Read More »

The PPI racket reminds us that, for Britain’s banks, “business as usual was rotten”

Lloyds-TSB-Threadneedle-S-001

May 7th, 2011 There was a great editorial in Friday’s Guardian. As the UK banks including Royal Bank of Scotland, together with the British Bankers’ Association, weigh up whether to appeal the recent High Court ruling that obliges them to compensate customers they effectively swindled out of £9 billion to £10bn (£9,000,000,000 to £10,000,000,000) through the […]

May 7th, 2011 | Posted in Blog | Read More »

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