Faisal Islam
Banking report: is it a game-changer?
Is the independent report on banking “transformative”? Economics Editor Faisal Islam is not convinced.
Search results for ‘banking’
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Jon Snow
Banking report: still too big to fail?
Will a report aiming to shake-up the UK banking sector really change anything? Or will banking remain a so-called Inside Job?
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Banking report: ringfence retail to protect taxpayer
A report in the wake of the financial crisis suggests banks ringfence their retail arms and puts pressure on Lloyds to sell more branches. But it’s no banking revolution, Faisal Islam says.
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FactCheck: Ed Balls tackles the banking beast
The claim “George Osborne has actually delivered a tax cut for the banks compared to last year, even after today’s announcement.” Ed Balls MP, responding to the Chancellors’ increased bank levy, February 8, 2011
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Banking inquiry targets sector break-up
Sweeping reforms that could break-up Britain’s biggest banks will be the central focus of the banking inquiry in the coming months, the head of the commission said today.
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LIVE BLOG: WikiLeaks to expose secret banking data
The offshire account details of around 2,000 financial firms are being handed over to whistleblowers WikiLeaks. Join the #c4news live blog for latest comment and analysis.
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Faisal Islam
Despite Cable’s HBoS probe hint Britain needs banking catharsis
It says a lot, that we have learnt more about what brought down RBS from a US diplomatic cable leaked to an Australian than we have from British probes.
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Irish banking crisis: what now for Portugal and Spain?
As the details of the EU/IMF deal to rescue Ireland’s economy are finalised, what could be the impact on other countries potentially at risk of financial breakdown?
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Jon Snow
Smoke, fire and banking power
A financier whom I know calls me over the weekend about the Irish financial crisis. “Jon”, he says, “I trust you know that 80 per cent of the Irish banking crisis was caused by a handful of property developers taking massive punts on the housing and construction market?”
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Lib Dems on banking: the crisis, the cost & the economy
The Liberal Democrat turned to banking in this morning’s briefing and FactCheck turned to some of their statements.
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Jon Snow
Guarding against banking greed?
So today we get a squint at the new regulations that MAY be brought in to guard against the greed, ignorance and arrogance that brought about the banking melt down and consequent financial crisis last year. Sir David Walker’s interim report lands on the chancellor’s desk today. It is said to reveal the unbelievable lack…
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Faisal Islam
UK banking needs more than hard self-regulation
‘Hockney-esque’ is how the City minister, Lord Myners last week described today’s government effort to reboot Britain’s banking system. It’s a high-brow reference to the fact that today’s government proposals will be a mix of white and green paper. Many of the more radical decisions will be delayed for more consultation. Some angry taxpayers could…
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Faisal Islam
The lion’s den of European banking regulation
Today the chancellor is going into the lion’s den to defend the bankers. Europe feels that Britain failed to regulate the City ‘casino’ properly, and helped stoke the financial disaster that caused the recession across Europe. The European Commission has come up with proposals that would give two continent-wide institutions the ultimate ability to regulate…
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The grapes of banking wrath
NEAR JELGAVA, LATVIA – Janis Vitins strides across his farmyard, his camouflaged parka coat buttoned up tight because it is minus four degrees out here, though with the wind it feels like minus eight. I say “his farmyard”, and it is true that his cat is snuggled up in the barn and his dog still…
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The end of Swiss banking secrecy?
Cuckoo clocks, cowbells and inviolable banking secrecy… that’s Switzerland. Except it’s changing. A story that’s crept off the financial pages into the headlines says that the Swiss bank UBS may be forced to reveal to the US authorities the names of up to 52,000 US citizens who allegedly have been evading taxes by putting their…
