The delusional groupthink of New Labour and how it crippled the UK economy
I couldn’t believe it when I heard Lord Turnbull speak about the extent of former prime minister Gordon Brown’s self-delusion […]
Financial Services Authority
As the FSA is consigned to history, its light touch already being missed in the City of London
The Financial Services Authority—founded by ex-chancellor Gordon Brown in May 1997—is widely regarded as having made a dog’s breakfast of
FSA sued over “botched” Cameron Farley case
Investors say they lost £20m when Cameron Farley’s assets were not frozen. By Ian Fraser IT was a scene that
Skulking in Gresham Street
Lloyds Banking Group, AKA “the most hated bank in Britain“, today unveiled higher-than-expected annual losses of £6.3 billion. The Gresham
The unanswered questions around the emergency HBOS cash call
Just four months before its humiliating collapse into the arms of Lloyds, HBOS’s chairman assured shareholders it had sufficient funds
McFall’s committee ‘ignored the FSA’s complicity in crisis’
How effective has the Treasury Select Committee, chaired by John McFall MP for the past ten years, been in holding
The recklessness of Cummings
Speaking on Bloomberg TV, Justin Urquhart-Stewart, director of Seven Investment Management, has described HBOS as being “pregnant with the spawn of
Unfab Four: bosses of failed banks RBS and HBOS grilled by Treasury Committee, 9 February 2009, and why Crosby must step down from FSA
It was a case of “we’re sorry but we’re not to blame” at the Treasury Select Committee hearing on Tuesday
HBOS misled investors over £4bn rights issue, says former executive
Call for probe into ‘favourable gloss’ in rights issue prospectus. By Ian Fraser A FORMER Bank of Scotland senior executive
The end of laissez-faire?
REGULATION: The cataclysmic events in the financial world have turned the tide against faith in the self-correcting power of the
Can politicians really make banking leopards change their spots?
MARKETS IN MELTDOWN: The UK government’s £500 billion bail‑out could backfire by giving banks licence to continue their reckless behaviour
Banks warned to curb payouts as crisis bites
Big five banks admonished by BoE governor Mervyn King as they plead for more support BANK OF England governor Mervyn
Goodwin ponders £1bn RBS share buyback
Analyst predicts 25 per cent hike in dividends as bank shelves acquisition strategy for organic growth BANKING: TRADING UPDATE ROYAL