The “financial terrorism” of Royal Bank of Scotland
Another of the banking scandals I’ve been covering for more than three years is gaining a wider audience, following the […]
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Gavin Masterton and the riddle of Charlotte 18
Charlotte Eighteen, a shadowy company based in the tax secrecy jurisdiction of the British Virgin Islands, remains the subject of
The banality of vulture financing: The placid face of RBS’s distressed debt recycling factory
GRG: Derek Sach inadvertently gave away some of RBS’s trade secrets in this interview with Debtwire’s Mario Oliviero. Sach
Clydesdale Bank hasn’t turned gangrenous, but it’s festering and giving off a whiff
For some time now, I have been warning that Clydesdale Bank and Yorkshire Bank are seriously damaged institutions that could
Prince Andrew’s outburst in Bishkek proves it: Britain has become a Banana monarchy
In October 2008, on a visit to Bishkek, the capital of Kyrgyzstan, a “cocky” Prince Andrew not only welcomed, but
The beauty and insanity of high frequency trading
What’s become of the markets? Nanex, the market analysis firm, has animated a half-second of trading activity in Johnson &
Highland result demonstrates RBS bankers are no longer above the law
Royal Bank of Scotland accused of defeating opponents in court through fraud. Finally, a sign that banks and bankers are
Salmond’s £1.7m bung to KPMG is a kick in the teeth for taxpayers
The government of first minister Alex Salmond yesterday gave a £1.7 million Regional Selective Assistance grant to the ‘Big Four’
HSBC’s drugs money laundering settlement is a mockery of justice, says Elizabeth Warren
Senator Elizabeth Warren (Democrat-Massachusetts), has once again revealed the double standards at the heart of the US justice system. Appearing
Unicredit and the trouble with Dublin’s Cayman-on-the-Liffey
In September 2007, a year before Ireland’s banks went belly up, Jonathan Sugarman, a risk manager at Unicredit Bank Ireland,
Dear David Cameron: Please explain why bankers are now considered above the law
An open letter to David Cameron, prime inister of the United Kingdom of Great Britain and Northern Ireland, from Mrs N
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
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
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
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
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