Americans tell Wall Street: Why should we bail you out?
Henry “Hank” Paulson pitched it as a panacea for America’s financial woes. But, despite the warnings from US president George […]
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The management incompetence and cosy political stitch-up that spelt curtains for HBOS
Lloyds TSB chairman Sir Victor Blank has convinced himself that with HBOS he’s getting the pride of British banking on
The subprime crisis explained… by John Bird and John Fortune
In case you missed it when it was first aired last year, this sketch by John Bird and John Fortune
Profits at Gannett’s Newsquest Herald & Times unit shock staff
Newsquest Herald and Times Ltd, owner of The Herald, Sunday Herald and Glasgow Evening Times, has surprised many members of
The end of HBOS
How HBOS ran out of road Halifax Bank of Scotland — created from the expedient merger of Halifax and “Governor
Lehman Brothers collapse: Bernanke and Greenspan see sense
American politicians and regulators have called Dick Fuld’s bluff this weekend. Until the weekend, there was a view that certain
When Bush, Bernanke and Paulson turned ‘Communist’
The decision of President George W. Bush and his colleagues Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke
Why can’t more investors be like Norway?
Yet again, Norway has shown the way forward where ethical investing is concerned. The country’s oil fund — otherwise known
Sir Howard Davies implies that Gordon Brown should let failing banks fail
Nice comment piece by Sir Howard Davies in today’s Financial Times, in which the former chairman of the FSA warns
St Paul’s cathedral faces demolition — is nothing sacred?
This is a message from Actionaid, a charity which has confirmed it has sought permission from the relevant authorities for
Reverse Heineken effect does for Votron and haunts Goodwin
Until three years ago, the Dutch beer brand Heineken used a clever slogan to promote its lager in the UK
Dubai’s “rotating skyscrapers” are like the BT Tower on acid
Dubai has unveiled plans for the world’s first rotating skyscrapers, designed by Italian-Israeli architect David Fisher, who has never before
The astonishing hubris, questionable taste, and environmental naivete of the House of Maktoum
Dubai is right to try and secure itself an economic future after the oil runs out. The tragedy for this
Scotch loses court battle in India, but may yet win the war
Peter Scot defeats Scotch Whisky Association in India’s Supreme Court Over the past couple of decades the Scotch Whisky Association
We’re in the eye of the storm, not past the storm
A “delusional optimism” that the worst of the credit crunch is behind us has been propping up financial markets since
Banks “in denial” about folly of their pay policy
The way bankers are paid has promoted a “systemic madness” across the global financial system, says Ross Buckley, professor of international
City marriages not made in heaven
THE LAW firm Mishcon de Reya is home to some of the UK’s most expensive divorce lawyers. It would appear that,
You’ll have had yer Hootsman, Andy?
Maybe Andrew Neil wasn’t so daft after all. In 2002, the man known to readers of Private Eye as “Brillo pad”
British tax havens linked to 1,000 daily deaths
It makes you proud to be British doesn’t it? Not only is Britain itself widely regarded as one of the
Tesco’s hypocrisy over human rights
Seven prominent writers are urging Tesco CEO Sir Terry Leahy to drop all libel actions against critics of the supermarket
Barclays’ fat cat extraordinaire
Failure often gets rewarded in the zany world of British plcs and Barclays is no exception. First, the London-based bank chose