HSBC’s $1.9bn settlement sets a dangerous precedent
The settlements which London-headquartered banks HSBC and Standard Chartered have reached with the US authorities over serious criminal offences — […]
Has HBOS’s Peter Cummings lost touch with reality?
Peter Cummings continued to buy into failing property companies at full valuations five months before HBOS collapsed and seems rather
HBOS whistleblower hits back at James Crosby’s claims
Paul Moore, the whistleblower whose evidence was key to last week’s hearings of the Parliamentary Commission on Banking Standards, has accused his former
Why ex-HBOS chief executive James Crosby deserves no mercy
In a comment piece in Saturday’s Times, financial editor Patrick Hosking gave ten reasons why the Parliamentary Commission on Banking Standards must
Sir Ron Garrick fiddled while HBOS burned
It’s not often that I’m gob-smacked by the pronouncements of former directors of failed British banks. But, I was genuinely
François Hollande, the eurozone’s unlikely Thatcherite
Many of François Hollande’s predecessors as French president have publicly stressed the need for structural reforms – for example plans to
Hugh Hendry: ‘We’re in the death spiral of mercantilism’
Hugh Hendry founder of Eclectica Asset Management, takes the long view on investing at The Economist’s Buttonwood Gathering on 25
Clients must have chance to join RBS case, says lawyer
Fund managers who invested their customers’ money in Royal Bank of Scotland’s disastrous £12 billion rights issue in 2008 but
Andy Hornby and Peter Cummings “engaged in boardroom brawl” as they led HBOS to disaster
My review of Ray Perman’s Hubris was published in the Scottish Review of Books at the weekend. The full review
Britain’s corporate failures invite a governance revolution
Why “corporate governance” failed The bigwigs of the City of London, corporate governance ‘gurus’ in asset-management firms and leading figures
Book review: Going for broke
It was intended as a memorial to the Scots who died in the Napoleonic Wars. But it wasn’t long before
Fiscal cliff looms large for all of us
Stability of leadership has been confirmed in the US and China – now they need stability in their economies, or
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
Have we really rebuilt the Royal Bank of Scotland?
Stephen Hester and Sir Philip Hampton may be in bullish mood, but is RBS as strong as they claim? By
Michael Hudson: how finance capitalism leads to debt servitude
This is an edited transcript of a phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It summarizes some
The parable of the bailouts: guest post by Tom Nicol
By Tom Nicol ‘Then the flying machines started falling from the sky.’ Once upon a time in the Westerlands, people
WeAreTheIntruders gatecrash bankers’ party to hand Barclays Libor rigging award
On Thursday, 4 October The Banker’s Investment Banking Awards 2012, a black-tie do in the Sheraton Park Lane Hotel, were gatecrashed
Stephen Hester renounces Milton Friedman’s doctrine of greed
Speaking to an audience of students and finance industry insiders at the London School of Economics yesterday, Royal Bank of
Eric Hobsbawm was no slave to Marxist-Leninist doctrine
The Daily Telegraph was, almost literally, jumping for joy at the death, aged 95, of the leading Marxist historian Eric
Net closes on Royal Bank of Scotland’s property shenanigans
Today, Royal Bank of Scotland chief executive Stephen Hester used a speech at the London School of Economics to call
Campaign to clean up ‘rip off’ fund managers
Fund managers are ripping off their customers through a minefield of hidden charges, misleading advertising, and obfuscation over performance, according