The FT notes: Spain was forced to pay big premiums to sell new debt as investors warned the country’s cost of borrowing had risen to
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JP Morgan is not quitting
The FT has a headline this morning that says: JP Morgan ready to axe £1.5bn London HQ I guess it was designed to make it
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Contagion – the need to address the issue of bank failure – and the importance of putting people first
I note several people have passed critical comment because I suggested that the Irish bailout was failing yesterday. This morning that seems to be the
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One bank – $40 bn of tax abuse
As the FT notes: UBS, the world’s second biggest wealth manager by assets, said that recent tax changes affecting Swiss bank secrecy would enable foreign
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Market failure, US housing style
This comes from the Real World Economics Review Blog. It is a map showing one zip code on Chicago’s South West Side, 60629. This neighbourhood
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Is this beginning to look like October 2008?
As the Guardian notes: The president of the European Union has warned that the EU could collapse unless the debt crisis that is gripping the
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What the world did not need now
The Family Wealth Report has reported today that: Barclays Wealth has launched a national US trust company, called Barclays Wealth Trustees and to be based
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What’s happening on the bank code of conduct on tax avoidance?
One of my commentators asked late last night: I understood that November 3rd was the deadline for the major banks to sign-up to the code
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How banks got the benefit of quantitative easing
I noted yesterday, the US is to start a second round of quantitative easing and there is a chance that the UK will follow suit.
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