The parable of the bailouts: guest post by Tom Nicol
By Tom Nicol ‘Then the flying machines started falling from the sky.’ Once upon a time in the Westerlands, people […]
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WeAreTheIntruders gatecrash bankers’ party to hand Barclays Libor rigging award
On Thursday, 4 October The Banker’s Investment Banking Awards 2012, a black-tie do in the Sheraton Park Lane Hotel, were gatecrashed
Stephen Hester renounces Milton Friedman’s doctrine of greed
Speaking to an audience of students and finance industry insiders at the London School of Economics yesterday, Royal Bank of
Eric Hobsbawm was no slave to Marxist-Leninist doctrine
The Daily Telegraph was, almost literally, jumping for joy at the death, aged 95, of the leading Marxist historian Eric
Net closes on Royal Bank of Scotland’s property shenanigans
Today, Royal Bank of Scotland chief executive Stephen Hester used a speech at the London School of Economics to call
Robert Jenkins: Puncturing the bankers’ myths
Robert Jenkins has blown apart the self-serving myths peddled by banks and their lobbyists since the financial crisis, explaining how
Simon Carswell: Inside Ireland’s, and probably the world’s, worst bank
I’m halfway through Simon Carswell’s Anglo Republic: Inside the bank that broke Ireland, and it’s a gripping read. In the
Written evidence to the Parliamentary Commission on Banking Standards
Parliamentary Commission on Banking Standards. Submission from Ian Fraser, 24 August 2012 [Update: January 12, 2013. This is my submission
Bremner, Bird & Fortune: Where did all the money go, and where does it come from?
Silly Money was a four-part series on the banking and financial crisis featuring the comedy quartet of Rory Bremner, John
Peter Cummings: The FSA’s approach is ‘tokenism at its most sinister’
Here’s a statement issued this afternoon by the former HBOS director Peter Cummings, in the wake of today’s 92-page Final Notice from
Dear David Cameron: Entrusting economic policy to ex-investment bankers is no solution
When David Cameron reshuffled his cabinet earlier this week, the arrival of a trio City of London bankers and consultants
Emperor Draghi’s new clothes
Has Mario Draghi, the president of the European Central Bank, over-reached himself? Are sycophantic lieutenants and desperate national leaders telling
Let’s emancipate ourselves from financial slavery. Guest post by Paul Moore
By Paul Moore Ian Fraser’s introduction: Paul Moore, the ‘HBOS whistleblower’, has launched a new organisation, the New Wilberforce Alliance,
A Parisian barge owner readies his craft for ‘la deluge’
Seems like this Parisian barge owner is ready for anything! The only civilian amphibious passenger vehicles to have been mass
The Physical Impossibility of Death in the Mind of the Too Big To Fail
Another great piece of subversive art by William Banzai 7. The shark’s head looks suspiciously like that of Goldman Sachs
How London became the money-laundering capital of the world. Guest post by Rowan Bosworth-Davies
By Rowan Bosworth-Davies Speaking on the Marr Show on BBC One on March 23rd, the former Daily Telegraph editor and
Adam Posen: it’s time the UK stopped “fetish-ising” its banks
The American economist Adam Posen, a member of the monetary policy committee of the Bank of England, recently told a conference
The 12 Barclays scandals that cast doubt on Diamond’s testimony
Smearing the facilitators? Ex-Barclays chief executive Bob Diamond had been tipped to ‘throw his toys out of the pram’ in
The new economic thinkers who can rescue us from the current financial dystopia
I have written a five-part series for Mindful Money, exploring the ideas of a group of ‘new economists’ who argue
The Worst Bank in the World? HBOS’s Calamitous Seven Year Life
Lessons must be learnt from the short and calamitous history of HBOS, the bank which effectively went bust in September
Financial regulation: with Griffith-Jones’ appointment, Britain keeps it in the family
I was surprised and exasperated to learn last week that chancellor George Osborne has rubber-stamped the appointment of John Griffith-Jones,