Things we're reading today include … Today's must read Just to cheer you up, it is exactly eighty years ago today that 'Black Tuesday' hit Wall Street and the stock market crash started what became the Great Depression: October 29th 1929. Thank goodness that will never happen again! Jamie Dimon on the financial crisis (Business Week)Geithner…
Things we're reading today include … Budenberg set to be named as UKFI head (Financial Times) ‘Too big to fail’ is too dumb an idea to keep (Financial Times) Santander maintains strong profit (BBC) Santander shares tumble amid flat profits (Times) EU 'to back Northern Rock split' (BBC) Brussels to split up Britain's high street…
Things we’re reading today include … Today’s must read: A two part report from the Seattle Times on the fall of Washington Mutual. Part one | Reckless strategies doomed WaMu Execs say WaMu fell victim to the economy &emp; but WaMu caused its demise by embracing risky loans and dismantling safeguards. Part two | WaMu:…
Things we're reading today include … q Today's must read: Wall Street's Naked Swindle by Matt Taibbi in the Rolling Stone (he of the Goldman Vampire Squid fame) “The nation's largest financial players are able to write the rules for own their businesses and brazenly steal billions under the noses of regulators, and nothing is…
Things we're reading today include … q Today's must read: Wall Street's Naked Swindle by Matt Taibbi in the Rolling Stone (he of the Goldman Vampire Squid fame) “The nation's largest financial players are able to write the rules for own their businesses and brazenly steal billions under the noses of regulators, and nothing is…
Things we're reading today include … q Today's must read: Wall Street's Naked Swindle by Matt Taibbi in the Rolling Stone (he of the Goldman Vampire Squid fame) “The nation's largest financial players are able to write the rules for own their businesses and brazenly steal billions under the noses of regulators, and nothing is…
The biggest news stories of the week include: Global economic outlook 2009/10 (Deutsche Bank, 71 page pdf)Risk Management Lessons from the Global Banking Crisis of 2008 (New York Federal Reserve, 36 page pdf)King and Brown in rift over whether to split the banks (Independent)Obama's pay tsar to cut executive salaries by up to 90pc (Telegraph)City…
Things we’re reading today include … Today’s must read Global economic outlook 2009/10 (Deutsche Bank, 71 page pdf) UK Banks’ Plans to Pay Back Britain Pose a Dilemma (New York Times) Bank of England will not target asset bubbles, say deputy governor Paul Tucker (Telegraph) FSA: Force banks to hold more capital (Guardian) FSA to…
Things we’re reading today include … Today’s must read Global economic outlook 2009/10 (Deutsche Bank, 71 page pdf) UK Banks’ Plans to Pay Back Britain Pose a Dilemma (New York Times) Bank of England will not target asset bubbles, say deputy governor Paul Tucker (Telegraph) FSA: Force banks to hold more capital (Guardian) FSA to…
Things we’re reading today include … Today’s must read Global economic outlook 2009/10 (Deutsche Bank, 71 page pdf) UK Banks’ Plans to Pay Back Britain Pose a Dilemma (New York Times) Bank of England will not target asset bubbles, say deputy governor Paul Tucker (Telegraph) FSA: Force banks to hold more capital (Guardian) FSA to…
