Tag Archives: banking

Barclays scandal: culture isn’t the problem, it’s the money

City traders live in a world of their own.  After the news of Barclays Bank’s fine for falsifying LIBOR returns, its share price rose slightly.  The scandal had been rumbling on for months, and they were relieved that it had … Continue reading

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Posted in Economics & Finance, Politics UK | Tagged , , , , | 7 Comments

Can our bankers learn from the charities?

My applause for last month’s Budget on this blog looks more out of touch by the day.  The Budget has led to a string of PR difficulties, for which the government seemed ill-prepared.  First it was the age-related allowances, then … Continue reading

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Capitalism, crony capitalism and neoliberalism. What’s in a word?

Are the Occupy protesters on to something?  Or is theirs just a hopeless battle against abstract nouns? I have been rather exercised about some abstract nouns recently.  First was the word “Neoliberalism” selected by Simon Titley of the Liberator as … Continue reading

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Taming the banks: two views from the FT

Oh the shame of the FT’s paywall!  Yesterday  the paper presented a wonderful view of the debate on the UK banking reforms proposed by the Vickers Commission with two opinion pieces under the title Taming the banks, long overdue or … Continue reading

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British banks shoot themselves in the foot.

Oh dear!  The Vickers review on banking reform hasn’t been published yet, and the news is full of people taking positions and what it might or might not recommend.  I have a lot of sympathy with our Prime Minister, who … Continue reading

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Who is to blame for the UK’s economic mess?

As time passes it is clear that the UK’s economic crisis is amongst the worst of the major developed economies, though Japan may beat it on some measures.  It’s not in the league of some smaller economies, like Ireland or … Continue reading

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Upside down economic thinking

Couldn’t resist commenting on this story in yesterday’s FT.  This behind the paywall, but this summary from City AM is a good start: PACE OF UK GROWTH UNDER THREAT Britain’s economy is unlikely to grow as fast as before the … Continue reading

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Posted in Economics & Finance | Tagged , , | 6 Comments

Vickers Commission: so far, so good

I have deliberately paused before commenting on the interim report of the Vickers Commission on UK banking reform.  I wanted to read more about it; it didn’t help that the post office delivered my Economist several days late.  Unfortunately I … Continue reading

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Get ready for a big fight over bank reform

The recent shenanigans over the government deal with the banks (project Merlin) now make more sense, following Anthony Hilton’s revelation in the Evening Standard (reported here in Lib Dem Voice).  The deal was weak on the banks because the banks … Continue reading

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