Robert Peston did a first rate programme for BBC 2 on banks last night. I, like many, find Peston’s style a little irritating. But this
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What is the alternative to an economy built on finance?
Another good letter from the Guardian today: I fully sympathise with those who rail against bankers’ bonuses, but there is a danger of falling into
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What use are financial reports when they can be wrong by $5 billion, and yet be right?
As the Financial Times reports this morning: Goldman Sachs has revealed details of about $5bn in investment losses suffered during the crisis for the first
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Are US municipal bonds the next tipping point?
I’ve been saying US municipal bonds may be the harbinger of the next banking crisis since the middle of last year. I note the FT
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Barclays, tax havens and how to describe it
Bob Diamond was before the Treasury Select Committee yesterday. Chuka Umunna, MP fr Streatham, was one of those questioning him. And as the Daily Mail
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It’s just a matter of when
As the Guardian reports: Britain’s banks were given the go-ahead tonight to pay unlimited bonuses, drawing to a close a two-year political battle to rein
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How much will EU banks be paying in levies?
According to an FT headline this morning EU banks could be paying as much as 24% of their profits in bank levies. Except that the
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The next banking crisis
I blogged this in July: I have to say I normally pay remarkably little attention to the Sovereign Society in the USA. They are, if
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1 in 10 bankers to get no bonus! Shock!
From the FT: More than one in ten bankers and traders in the UK and Europe could receive no bonus this year, as banks slash
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Richard Murphy
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