Paul Myners talks sense on bank reform
There were some revealing, and indeed disturbing, snippets and insights in today’s “Leading Questions” interview with the City minister, Lord […]
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The recklessness of Cummings
Speaking on Bloomberg TV, Justin Urquhart-Stewart, director of Seven Investment Management, has described HBOS as being “pregnant with the spawn of
The extraordinary lapses that caused HBOS’s collapse
Introductory note: An edited version of this article was published on the BBC News website under headline Why did HBOS
The stonewalling and crocodile tears over HBOS Reading must stop. Time for Lloyds to provide some answers
Lloyds Banking Group chief executive Eric Daniels may not have known precisely what he was buying with HBOS. But, given
This crisis will change capitalism forever
Since last year’s banking and financial crisis regulation is being seen in a much more positive light. Indeed among more
Danny MacAskill’s alternative take on Edinburgh
I’ve never seen stunt cycling quite like this before. Danny MacAskill, a 23-year-old from the Isle of Skye, has perfected
Gordon Brown’s medicine won’t solve this crisis, warns top quant Paul Wilmott
Paul Wilmott, a senior “quant” who has been warning bankers that the mathematical models they use to value their more
UBS: Dubai property crash only in early stages
THE slide in Dubai’s residential property market has only just begun and any investor considering investing in in bricks and
Goldman Sachs boss defends ‘fair value’ accounting
The US authorities on 2 April decided to suspend fair value or “mark-to-market” accounting — whereby banks and other financial
Are “Big Four” accountants a waste of space?
From the evidence submitted to the Treasury Select Committee’s inquiry into the banking crisis, one might conclude that the profession
Was the writing on wall for Dunfermline five years ago?
In September 2003 I was surprised to be invited to the ancient burgh of Dunfermline to interview Peter Weanie, who
Foulkes’ questions about the RBS culture under Goodwin need answered
RBS CULTURE OF BULLYING WAS SET FROM THE TOP The Observer this morning ran a story saying that three of
Turner’s review dangerously flawed
Last week I met two Edinburgh-based academics who specialise in finance and risk. They told me that, in their view,
It was “no touch” regulation, not global imbalances, that got us into this mess
There are two main schools of thought about what caused the current banking and financial crisis. First, there’s the “global
British banks were supremely reckless, but who’s really to blame?
The latest figures from the International Monetary Fund make for depressing reading especially if, like me, you’re a British taxpayer.
The Hacker / Brown response to a scandal in the City
There are parallels between the response of prime minister Gordon Brown to scandal in the City — the hiring of
A player retreats: Fred Goodwin’s £200m splurge on sporting celebs is over
In a press release trumpeting a multi-million, five-year sponsorship deal with the Indian cricketing legend Sachin Tendulkar, dated 18 September
HBOS’s £11 billion losses the tip of the iceberg for credulous Blank and Daniels
Why is Andy Hornby looking so pleased with himself? Could it be that, in agreeing to a takeover of HBOS
Did Crosby do anything to ensure that HBOS’s wheels didn’t come off?
Sir James Crosby — who was last seen driving an eco-unfriendly “Chelsea tractor” with blacked out windows out of the
Unfab Four: bosses of failed banks RBS and HBOS grilled by Treasury Committee, 9 February 2009, and why Crosby must step down from FSA
It was a case of “we’re sorry but we’re not to blame” at the Treasury Select Committee hearing on Tuesday
The curious incident of the regulator in the night–time
The media is barking up the wrong tree. Instead of obsessing about bonuses, they should be focusing on the HBOS