As has been widely reported: The FSA blamed "bad" decisions rather than dishonesty for the events that led to the £45bn taxpayer bailout of the
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What the banks have signed up to
The banks who have signed agreements with the Treasury and HM Revenue & Customs on tax avoidance have agreed to this Code: Code of Practice
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Unless the ECB does QE the Euro is stuffed
I have reservations about quantitative easing. I hope to say more on the issue soon. My big problem with it is that it has been
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Banks say they’ll stop avoiding – but actions speak louder than words
Bloomberg reports: The 15 biggest banks operating in the U.K. have adopted a government code of practice on reducing tax avoidance, Deputy Prime Minister Nick
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The Irish bail out can’t work because we’re suffering systemic failure
Reports in all newspapers this morning suggest that the Irish bail out has not worked: the markets have reacted without enthusiasm and the talk is,
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Bad news for Africa – Barclays is coming
From the FT this morning: Barclays will place the booming African market firmly at the centre of its growth strategy over the coming years as
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Politicians just don’t get it about banking
It is very clear that politicians still don’t get the rightful public anger about banking and bankers. The Observer did this weekend: Before the financial
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Aid to tax havens
As the Guardian notes this morning: Hundreds of millions of pounds of European Union aid to help the poor in Africa is being handed over
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The word is out – default is on the agenda
The word is out that Ireland’s recovery package is bound to fail. Bond yields have risen again today. And now the New York Times says:
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