Thousands launch £3 billion legal action against Fred Goodwin
WARNINGS of legal action will be delivered today to former Royal Bank of Scotland chief executive Fred Goodwin and his […]
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Gauging China’s economic future: fair to middling
China is so vast, its leaders so inscrutable, it’s future so tied to imponderables — including who will succeed premier Wen
Fallon moves to prevent Hector Sants’s appointment as head of FSA successor body
Hector Sants, chief executive of the Financial Services Authority, should not be allowed to run the regulator’s successor body the
Revealed: the hornet and the sting which are stopping us learning the truth about the HBOS’s collapse
Results released last Friday showed a sea of red ink engulfing the state-rescued Lloyds Banking Group. Trumpeted at the time
FSA’s Hector Sants passes the buck for the financial crisis
At a hearing of the Treasury Select Committee held in Portcullis House on 30 January 2012, Hector Sants,
Clydesdale Bank’s claims to be a prudent lender ring hollow following NAB ‘review’
From the perspective of its head office in Melbourne’s Bourke Street, National Australia Bank’s UK subsidiaries Clydesdale Bank and Yorkshire
MF Global collapse prompts regulatory rethink in Washington
A commissioner at a leading US financial regulator has launched a stinging attack on his own organisation, accusing it of
The media frenzy about RBS bonuses and Fred Goodwin’s knighthood is a sideshow
Financial commentators are, suddenly, in demand and it’s largely down to the continuing failure of banks to properly reform themselves
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
Deloitte and the demise of RBS
One of Fred Goodwin’s first acts on being appointed Royal Bank of Scotland’s chief executive on 6 March, 2000 was
KPMG and the HBOS whistleblower
KPMG was already auditing Halifax when the ex-building society merged with Bank of Scotland a decade ago, and the audit
The FSA’s cosy deals are a travesty of regulation
Ever since its failures as a regulator first became widely apparent with the collapse of Northern Rock in September 2007, the UK’s
St Paul’s Institute shines a light on the City’s dark heart
The bizarre contortions that the Church of England got itself into over the protesters who are camping outside St Paul’s
Lloyds Banking Group sued by Invista over non-payment of fees
Asset managers lose patience over £500,000 unpaid bill Lloyds Banking Group, whose shares tumbled last week on investor concern that
IMF raises red flags about China’s financial system
In its first ever formal assessment of the stability of China’s financial system, the International Monetary Fund has blamed heavy-handed state intervention
Mark Carney: The new sheriff in finance’s global village
The wild swings in global liquidity that continue to distort economies around the world might, if left unchecked, trigger the
Cannes summit failure leaves euro on borrowed time
ITALY/G20: Nicolas Sarkozy had hoped to use his time as head of the G20 summit to achieve lofty goals like
Andy Haldane’s proposals for breaking the bankers’ doom loop
For a central bank director, Andy Haldane is remarkably alert to the widening cracks in the global financial system. Delivering the
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
Big Four finally held to account
The “Big Four” accountancy firms, whose complacency and dereliction of duty were major contributors to the banking crisis that tipped the
Anonymous takes aim at the cozy world of investment analysis
Why does anyone rely on ‘sellside’ research? The investment analysts who produce it, for free, tend to work for investment