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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 »

Without a proper inquiry into what went wrong, Vickers is pissing into the wind

By Ian Fraser Published: QFINANCE Date: September 14th, 2011 The Independent Banking Commission was established by the UK’s coalition government in June 2010 as a means of kicking a thorny and divisive issue into the long grass. At the time, the divisions within the coalition government over what to do about the UK’s bloated and dysfunctional banking sector were […]

September 14th, 2011 | Posted in Article Library,Latest Articles | Read More »

Does Vickers go far enough?

September 12th, 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 City in 2000 has done […]

September 12th, 2011 | Posted in Blog | Read More »

Clydesdale takeover could see ‘lots of Scots thrown out of their homes’, says expert

By Ian Fraser Published: Sunday Herald Date: September 11th, 2011 NBNK REFUTES CLAIM AS SPECULATION OVER BANKING DEAL GROWS BY IAN FRASER The possible sale of Clydesdale Bank to an untested London-based shell company, NBNK Investments, risks triggering a rash of home repossessions and corporate bankruptcies across Scotland, according to a leading European banking expert. […]

September 11th, 2011 | Posted in Article Library,Latest Articles | Read More »

Cameron must not go soft on the banks

By Ian Fraser Published: Sunday Herald Date: September 3rd, 2011 As leader of the opposition, David Cameron gave the impression he intended to be tough on the banks. In an interview with Sky News in January 2009, he called for criminal actions against bankers and earlier said we needed “a day of reckoning” for those […]

September 4th, 2011 | Posted in Article Library,Latest Articles | Read More »

Steve Baker’s bill would expose banks’ false profits, overstated capital and hidden losses

June 26th, 2011   My work on the flawed nature of “mark-to-market” accounting and IFRS accounting standards has been included as supporting evidence in attempts by Steve Baker, the Conservative MP for Wycombe, to introduce to the UK parliament a private members bill that would transform how banks report their financial performance. Baker, a former Lehman […]

June 26th, 2011 | Posted in Blog | Read More »

Horta-Osório’s attempt to reinvent Lloyds will fail unless he addresses the sins of the past

June 26th, 2011 The patience of António Horta-Osório, the Portuguese-born boss of Lloyds Banking Group, appears to be wearing thin. According to a comment piece in the Sunday Telegraph, the former Goldman Sachs and Santander banker has pleaded with executives from Lloyds and the former HBOS to stop hiding the truth from him. The paper’s […]

June 26th, 2011 | Posted in Blog | Read More »

Salmond’s silence on banking is “elephant in room” for Scottish independence

By Ian Fraser Published: QFINANCE Date: June 17th, 2011 Since Alex Salmond’s Scottish National Party secured a majority in Scotland’s parliamentary elections on May 5, there has been much debate about how well or badly an independent Scotland might fare. The debate both north and south of the border can be expected to get even more heated […]

June 18th, 2011 | Posted in Article Library,Blog | Read More »

The Osborne Ultimatum: banks must split or else

By Ian Fraser Published: QFINANCE Date: June 17th, 2011 The announcement from Chancellor of the Exchequer, George Osborne (pictured above), that British banks are going to be forced to “ring fence” their retail and commercial banking (“utility”) activities from their investment banking (“casino”) activities has received wildy different receptions on either side of the Atlantic. […]

June 17th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Clydesdale suffers £3bn setback in bid to buy Lloyds branches

By Ian Fraser Published: Sunday Herald Date: May 29th, 2011 FSA demands raise capital cost of acquisition, while Sir Richard Branson say he expects to bid for 600-plus network. By Ian Fraser Clydesdale Bank has lost its leading position in the race to acquire the 600-plus branches that Lloyds Banking Group has to sell, as […]

May 29th, 2011 | Posted in Article Library,Latest Articles | Read More »