It is staggering that the Treasury’s package for a banking bail out does not involve the appointment of directors to manage those banks will received
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Tomorrow morning I expect substantial equity injections by the UK government into at least four major banks. In exchange we should be seeing a raft
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I said it on Sunday, and I’ll say it again now, any bail out of the banks has to have enormous conditions attached. They are
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Tomorrow morning it seems likely that £50 billion will be injected into the banking system. Tonight the market capitalisation of RBS is £14.9 billion. Barclays
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At the weekend Gordon Brown appointed a National Economic Council to see us through the credit crunch. It includes Marcus Agius, chairman of Barclays, and
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Fortis has collapsed. Some are suggesting this could have been because of debt not consolidated in its accounts. The follwoing companies were not consolidated in
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The BBC has reported that: Share trading in six of Iceland’s biggest financial firms has been halted temporarily, the country’s stock exchange has said. The
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The FT notes that: Alistair Darling was on Sunday considering a dramatic taxpayer-funded recapitalisation of Britain’s banks, amid signs of cross-party and central bank support
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The Guardian perpetuated a popular and entirely incorrect myth about Swiss banking secrecy today. It said this secrecy was introduced in 1934 to protect German
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