This comes from the FT this morning: Received wisdom in the banking sector is that higher rates are great news. US banks, with their heavy
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Germany wants an EU wide financial transaction tax
The FT has reported this morning that: German Finance Minister Wolfgang Schäuble will push for a planned European tax on stock and bond trading to
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The UK’s banks have massively overstated their profits
The FT has noted this morning that: New accounting rules could force Europe’s top banks to recognise an extra €61.5bn in loan losses, new analysis
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International accounting standards do not meet the requirements of UK law
The Times has reported this morning (paywall) that: The legal cornerstone underpinning the entire edifice of bank accounting is defective, according to a QC’s opinion that
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Why the Bank of England’s independence is just a charade
I argued on the Today programme on Radio 4 this morning that the Bank of England’s independence from the Treasury is just a charade. It
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The RBS sale: a tale of opportunity lost
RBS is to begin its return to the private sector. Way back in October 2008 I suggested it should be fully nationalised instead. I stick to
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UK notes and coins are not debt free money
It has been claimed in comments on this blog that notes and coin are debt free money. This is not true. The Bank of England
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Too late Mr Carney, too late
Interest free, publicly issued money
Much has been written about my opinions on money over the last few days, mainly by supporters of Positive Money. What many seem not to
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Richard Murphy
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