Stiglitz: Britain should have let basket case banks go bust
Professor Joseph Stiglitz, the Nobel prize-winning economist and author of Globalization and its Discontents, has said that the UK should […]
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Knives are out for Fred, but non-executive directors must share the blame
Non-executive directors at RBS appear to have been a bunch of yes men and have much to answer for The
Do Merrill Lynch bankers know no shame?
The Merrill Lynch investment bankers who advised RBS, Santander and Fortis on their joint €71bn takeover of ABN Amro have
RBS to be sued by Ian Hamilton QC
The Royal Bank of Scotland to be sued for fraud by Ian Hamilton QC in the small claims court Ian
Universe is scrapped as World faces crippling financial issues
Having built The World, an archipelago of artificial islands that bear only a passing resemblance to the Mercator projection, building
Time to audit the auditors — and especially KPMG?
The House of Commons’ Treasury Select Committee is to cross-examine representatives of the audit profession later this month as part
World’s biggest fraudster reveals trade secrets on camera
Bernie Madoff, the most successful fraudster of all time, is captured on film explaining how Wall Street sophisticates are able
Archbishop Rowan Williams describes crisis as “reality check” for a sick society
ROWAN Williams, the Archbishop of Canterbury since 2002, was given a rough ride by the media earlier this year over
SEC “deeply troubled” by its own Madoff failures
Former Republican congressman Christopher Cox, who has been in the hot seat as chairman of the Securities & Exchange Commission
Madoff’s $50bn fraud points to urgent need for hedge fund reform
It beggars belief that so many supposedly ‘sophisticated’ investors allowed themselves to be hoodwinked by Bernie Madoff, the former chairman
Howard’s unorthodox riding style may yet cripple the black horse
Howard Brown, the Halifax teller-turned-minor celebrity, risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s
Sir George on Robert Peston: he’s a Treasury puppet and it’s a disgrace
Sir George Mathewson clearly doesn’t think too highly of the BBC’s business editor Robert Peston, who was lampooned in Silly Money, tonight’s
Should fund managers behave more like Greenpeace?
While I can’t see many asset managers abseiling down buildings to make a public display like Greenpeace activists, they can
Faith in Grampian Funding hastens the fall of Bent
Bruce R. Bent, founder and chairman of the New York-based cash management firm The Reserve, is in a spot of
Paul Moore: James Crosby sacrificed risk management on the altar of growth
HBOS under Crosby — a bank out of control? Another former senior executive at HBOS has come forward to admit
Fred’s downfall: hubris followed by nemesis
This is an extended version of an article on Fred Goodwin and the collapse of RBS commissioned by the Mail
Financial crisis blamed on “growth at any cost” school of economic thinking
YESTERDAY, I heard an interesting take on the financial crisis from Roger Steare. This revolves around the idea that, since
How Lloyds’ advisers clashed with those of HBOS at 3am and nearly scuppered Darling and Brown’s bank rescue plan
Last weekend, two brawling investment bankers nearly brought down the entire capitalist system. As the finishing touches were being put
It takes a woman to remind us what the markets are for
Despite the best efforts of various governments to cauterise the problem of collapsed and collapsing banks, we are this weekend
The sage of St Colme Street: Why was nobody listening?
Ian Rushbrook, the Edinburgh-based fund manager once described as a “perma-bear”, was for many years a voice in the wilderness.
Dubai’s economic miracle (literally and figuratively) built on sand
Cracks are starting to appear in the the economic miracle that was Blingopolis, otherwise known as Dubai. The over-stretched and