Exclusive: leak from secret FSA Barclays assessment
Treasury Select Committee chair Andrew Tyrie drops a bombshell, Faisal Islam at the hearing looks at revelations so far.
Treasury Select Committee chair Andrew Tyrie drops a bombshell, Faisal Islam at the hearing looks at revelations so far.
On a day when it’s pretty clear that the authorities asserted dominion over our banking system, I was invited atop the Canary Wharf tower that houses Barclays to speak to its now un-resigned executive chairman Marcus Agius. He is not prone to lengthy answers, but I think much of what he does and does not say is rather telling.
Faisal Islam blogs on how Barclays started to try and make money from changing its rates – and why ‘Lie-bor’ London should be afraid.
A gorgeous country, engaging people, rewarding cuisine, and the richest remnants of its own history of any country on earth. Yes, Greece has it all – at one level. At another, it boasts some of the most corrupt people in influential places and some of the worst structures of governance and civic observance on the continent of Europe.
Faisal Islam blogs from Athens on the implications of a dramatic Greek election.
“The chanting was amongst the most obscene I’ve ever heard. In short, Angela Merkel was being invited to put the entire Euro crisis up her posterior.”
“Many in the crowd believe in one simple equation – A Syriza win equals a bank run on Sunday evening.”
Channel 4 News Economics Editor Faisal Islam blogs on the Euro crisis 2012 versus Euro 2012.
This seems a game of the Greek left versus the Bundesbank, for the soul of the eurozone.
“Maybe we’re going to hell,” said Irene Lozano, an independent Deputy in the Spanish Assembly. “But if we do, we’ll take Germany with us.”
I see five types of euro-related blackmail going on that will determine Greece’s fate in the eurozone. What might be called “Drachmail”.
As Greece heads towards rerun elections, Channel 4 News Economics Editor Faisal Islam considers whether Europe is heading for a stormy political and economic earthquake
In the end, it wasn’t marginal. This morning GDP figures show Britain clearly back in recession, the dreaded double dip, with GDP in key one at -0.2 per cent.
“I am not in, as the chancellor of the exchequer, a daily opinion poll contest and a daily popularity contest. I will tell you what I am engaged in. A daily contest with the rest of the world to make Britain competitive to bring jobs to Britain.”
“The chancellor is adamant that this is not a further back-door bailout of the eurozone.”