The Osborne ultimatum: Banks must split or else
The announcement from Chancellor of the Exchequer George Osborne that British banks are going to be forced to “ring fence” […]
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Puncturing the myths of “free market capitalism”
In this interview with Renegade Inc. Ha-Joon Chang, author of 23 Things They Don’t Tell You About Capitalism, debunks pretty
The myth of the rational investor
The myths of the rational investor and the efficient market hypothesis have much to answer for. Arguably, they underpinned the folly
It’s time investors saw sense and stopped giving credence to rating agencies
The credit rating agencies performed so woefully in the run-up to the global financial crisis, one might have thought they would
Why the IMF needs a non-European head
In wake of the resignation of “le seducteur extraordinaire” Dominique Strass-Kahn, we are in need for some fresh thinking on
Exchange-traded funds are an accident waiting to happen
Terry Smith, founder of London-based asset management group Fundsmith, has launched a broadside at the exchange-traded funds sector, arguing that it
It’s the Hayek vs. Keynes Rap (Round Two)
I love these Econstories rap fights between John Maynard Keynes and Friedrich August Hayek — and if you listen carefully
Après Dominique Strauss-Kahn, le déluge?
Even several days after the story first broke, the Dominique Strauss-Kahn affair beggars belief. One of the most powerful men
What Strauss-Kahn’s arrest means for the eurozone — and for France
The surprise arrest last Saturday of the IMF managing director Dominique Strauss-Kahn at John F. Kennedy International airport in New
The PPI racket reminds us that, for Britain’s banks, business as usual was rotten
There was a great editorial in Friday’s Guardian. As the UK banks including Royal Bank of Scotland, together with the
António Horta-Osório breaks banking’s mould
In Lloyds bows to the law, the Guardian’s financial editor Nils Pratley describes how the PPI misselling saga is likely to become a
Martin Lewis on today’s PPI court victory: banks have “behaved abominably” and “should hang heir heads in shame”
The High Court in London has today ruled that UK banks must compensate millions of people who they ripped off by
Holyrood candidate Kit Fraser bares all (nearly) outside RBS AGM
Outside the Royal Bank of Scotland’s annual general meeting in Edinburgh, Kit Fraser stripped to his boxer shorts in protest
Fair Pensions exposes conflicts at heart of pensions management and calls for radical reform
FairPensions has produced an excellent, in-depth report which lifts the lid on the conflicts of interest at the heart of
Worries over land mean Spain could be next in line for a bailout
When Portugal’s prime minister Jose Socrates formally requested a bailout for Portugal on 6 April 6, it left just two of
The grand failure of Keynesian economics: guest blog by Charles Hugh Smith
The “fixes” of conventional economics including the so-called Keynesian stimulus will all fail catastrophically within the next 10 years. The
‘Rent gougers’ in bailed-out banks should be stripped of subsidy via worldwide Glass-Steagall
William Hopper, co-author with his brother Kenneth Hopper of the excellent The Puritan Gift: Reclaiming the American Dream Amidst Global Financial
The horse has bolted, but at least the Lords have started to clean out accountancy’s Augean stables
Lord MacGregor, a former Conservative chief secretary of the Treasury, today unveiled the hard-hitting and long-awaited conclusions of the House
Britain is now ‘a financial rogue state, subverting safer finance’
A report rom the New Economics Foundation reveals that the UK has learnt nothing from the financial crisis of 2008-11. The report,
Libor-rigging probe raises questions about strength of banks‘ ‘Chinese walls’
One of the biggest financial scandals of recent weeks involves the alleged “rigging” of Libor rates by a group of
Tackling kleptomaniac dictators the EITI way
The extractive industries are one of the biggest sources of foreign direct investment for many emerging economies — often accounting