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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As far as I can see yesterday no big bank fell over, anywhere. Staggeringly, that is news now. But it doesn’t mean the worst is
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I liked this from Gillian Tett: In the longer term, the real lesson from these events is that policymakers should never have permitted such a
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Robert Peston has written this morning that (edited): The most important markets announcement this morning is that the Irish government has placed an unlimited two-year
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Nils Pratley in the Guardian reflecting a mood I’ve expressed here: The immediate challenge for the central banks is simply to keep the banking system
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Bradford and Bingley is to be split in two. The Spanish get the worthwhile but. The UK taxpayer all the problems, which as the FT
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Fortis was saved by the combined governments of Belgium, the Netherlands and Luxembourg last night. It makes this advert all the more amusing for its
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It’s an extraordinary sign of the times that I almost missed this: JPMorgan Chase has acquired the banking operations of Washington Mutual which was seized
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