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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Faisal Islam
Congratulations to RBS’s hundred plus (200/300?) new millionaires, but why the disgracefully low transparency?
Faisal Islam blogs on why RBS aren’t saying how many of its bankers are getting bonuses of mroe than a million pounds, and why its bosses are playing today’s results low-key.
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Faisal Islam
Tobin tax – a highly political move
A windswept beach. A university town. And a few hundred protesters dressed as finance ministers symbolically burying their heads sand. It’s a lot harder to protest against the G7 rich man’s club, now that it’s the G20. The agenda is somewhat more murky when it is China refusing to discuss climate finance, rather than the…
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Faisal Islam
Cuba’s robust approach to bankers’ pay
Havana, Cuba seems an oddly appropriate place to be hearing the unsurprising renewed furore over bank bonuses in state-helped banks. I’m holidaying here, but there’s much to remind of home.
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Gary Gibbon
New deal on bankers’ bonuses
The main five British banks will be doling out some jumbo bonuses after Christmas, after the Chancellor met remuneration bosses first thing this morning at the Treasury and the banks said they would abide by the G20 rules which the government intends to bring into law in 2010.
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Gary Gibbon
Darling to speak on bonuses and the City
Alistair Darling will today tell the conference here that he’s going to talk to the bankers and tell them to restrain themselves this Christmas.
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Faisal Islam
Darling’s speech: populism meets old fashioned politics
Populism does not come more de-robed than what we will get on bankers from Labour’s pre-election conference. It starts today with the Chancellors speech. There will be an elaboration of the bank bashing theme.