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?
It’s ten years since the financial crisis. How many people have been prosecuted for their part?
The bottom line is that Bank of England figures for growth rates in lending to small firms have been in a downward spiral since 2009 and are showing no signs of improvement.
Will a report aiming to shake-up the UK banking sector really change anything? Or will banking remain a so-called Inside Job?
I’ve just done a ‘sit down’ with David Cameron, and met his wife too – tall, elegant, very personable. We all met on the 23rd floor of the Hilton here in Manchester, an eerily deserted place with splendid views across the jumble that is Manchester and the sun kissed Pennines beyond. Talked with Cameron for…
House prices are back at 2008 levels. On average the value of our castles are now back where they were before the Lehman calamity. So is it hooray! three cheers! and high fives all around?
The film on the backlash against Goldman Sachs is top of our most-viewed charts. To catch-up on the backstory read here, and it’s well worth seeing the film here, if only to see lightning burst out of the sky above Goldman’s new HQ in Manhattan. But the plot has thickened over the connections between the…
Rising out of the carnage of the credit storm is the new gleaming headquarters of the titan of post crisis American banking. Goldman Sachs has emerged richer and more powerful than ever, but the Goldman glow is being replaced by a Goldman glare. It has without doubt been the most significant shift I have noticed…
“I think the banks have pulled one. They maybe didn’t plan on it, but looking back it’s quite an amazing steal… “The banks got an amazing deal last September, they were rescued by the taxpayer, and then refloated themselves giving the taxpayer very little of the upside and now they are going to have very…