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 staggering: the biggest bak failure in history slips under the radar
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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The New Deal Bank gathers support
Deborah Hargreaves has published a column in the Guardian that supports the idea of a New Deal Bank. She says: The [financial services] industry must
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A safe bet?
A C Grayling in the Guardian: Whatever new framework emerges from this mess, [short selling] and other potentially wrecking practices will have to come under
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Maybe better late than never
The FT has reported: Pressure to regulate the $62,000bn credit derivatives market mounted on Tuesday as the main US market regulator called on Congress to
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Still one of the best comments on the sub prime crisis
What’s toxic?
As the FT has noted: How do you define “toxic”? That is the $700bn question hanging over Washington and Wall Street. The answer is of
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Nationalise B & B, then relaunch it as the New Deal Bank
The FT has reported: Given the banking turmoil of the past week, it is small wonder the UK financial regulator is dusting off contingency plans
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Richard Murphy
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