07/08/2012
But behind the scenes lies a tacit agreement that the largest member states with the most resources take the lead. Three of those states are in a category of their own: France, Germany, and the United Kingdom.
07/08/2012
We don't need good banks, we need great banks - and we certainly don't need bad banks and bad bankers.
07/08/2012
Perhaps capitalist enterprise cannot be properly conducted without religious principle.
07/08/2012
A relatively weak currency has also helped Germany – and the other Eurozone members.
07/05/2012
London risks losing its status as the world’s top financial center as the $360 trillion interest-rate fixing probe follows a series of market abuses by banks that eroded trust in a city already shrinking faster than rivals.
07/04/2012
We welcome any activity which ensures that the fair and proper amounts of tax are paid.
07/04/2012
There have been deep suspicions for years about Libor (the London interbank offered rate), and the system used to set it. It has been clear in financial markets that Libor did not reflect real borrowing costs, because of the big discrepancy between Libor
07/04/2012
Does anyone seriously believe that a system that depends largely on the good faith of investment bankers will be sufficient to protect savers and taxpayers from future banking crises?
07/04/2012
Tyrie also asked if a letter existed stating these concerns but Diamond denied its existence.
07/04/2012
I understand that the bombshell quotes about Bob Diamond read out by Andrew Tyrie this afternoon came from part of Barclay’s highly secret FSA “Arrow” assessment.
07/03/2012
This showed that the big banks have gone some way in the past two or three years to boost their capacity to cope with financial shocks.
07/03/2012
In a good year, the outgoing chief executive – who resigned Tuesday- could be paid up to £20million – about 1,000 times more than a teller in a high street Barclays.
07/03/2012
That's been the pattern of the past few years as Britain's establishment has lurched from the disaster of the Iraq war to the disgrace of parliamentary expense fiddling and media phone-hacking (though in the case of Iraq, the only heads to roll
07/03/2012
UK monetary trends are improving, casting doubt on the wisdom of a likely further expansion of QE at this week's MPC meeting.
07/03/2012
Developed markets enjoyed a relief rally towards the end of last week, buoyed by an agreement reached at the latest EU summit, which allowed equities to end a disappointing second quarter on a positive note.
07/03/2012
It will be interesting to see whether Barclays Bank publishes details of Mr Diamond’s termination package, of which all but £30,000 seems likely to be taxable at 50%.
07/02/2012
Hopes and fears about the future of the eurozone continue to dominate investor sentiment and drive large swings in markets. While the sense of crisis may ease following the EU summit at the end of June, there are still lots of details to be worked through
07/02/2012
The poll also found Germans are far less worried about tax hikes (21%),
07/01/2012
Investment banking is an organised scam masquerading as a business. It is defined by endemic conflicts of interest, systemic amoral behaviour and extreme avarice.
07/01/2012
Well what else can we say that has not already been said and written about the bursting LIBOR scandal?