Jon Snow
Have I just witnessed the death of party politics?
Have I just witnessed the death of party politics? If so the general election could be dull, blogs Jon Snow for Channel 4 News.
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Jon Snow
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Jon Snow
Public money behind the surge in stock market trading
I have blogged before about the role “unproductive” trades are playing in the current stock market boom. The FT today reports Goldman Sachs only posted one day’s trading loss in the past quarter – the quarter before saw two such days. On 35 of the 65 days of trading in the last quarter the company…
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Faisal Islam
Government bailout 3.0: Lloyds and RBS
Following on from Bailout 1.0 (the banking system) and Bailout 2.0 (the economy), Bailout 3.0 focuses on the RBS and Lloyds, two banks in which the government has acquired a significant stake.
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Jon Snow
I must get some cash out from one of our socialist banks
As Lord Myners admits that 70 per cent of all share dealing is undertaken by computer systems that allow a trader to hold a share for a nanosecond before selling, Jon Snow asks: is it a good thing to have achieved the socialist ideal of a nationalised RBS bank?
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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…