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Goldmine Sachs: £142,600 ($200,000) bonus for everyone

Front page news in UK newspaper for the masses, the Daily Mail: "Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion) "Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of…

Goldmine Sachs: £142,600 ($200,000) bonus for everyone

Front page news in UK newspaper for the masses, the Daily Mail: "Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion) "Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of…

Goldmine Sachs: £142,600 ($200,000) bonus for everyone

Front page news in UK newspaper for the masses, the Daily Mail: "Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion) "Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of…

It was the dollar, now it’s the euro

A month or so ago, I noted the pound's crash against the dollar.  Now it's the pound's crash against the euro … With thanks to Mick Newman of the Times.

Newman_081214_REV01_448752a

The best and worst CEO’s in banking, 2008

The other day I spotted that Time Magazine had published various Top 10 lists, including several funny ones about banking. Today, I spotted a few other lists about banking that were funny in a different way. First, the FT printed the Top 10 TARP funded CEO bonus lists.  Funnily enough, not one bank would tell…

How much to ping-pong with Goldman Sachs?

Each year, the Evening Standard auctions off a load of prizes on eBay, several with a City flavour.  Last year, the winning item was a ping-pong game with John Varley, CEO of Barclays Bank.  That cost £10,500 ($15,000).  This year, it's even more mind-boggling as the top prize went for £14,600 ($20,000).  That was £400…

How much to ping-pong with Goldman Sachs?

Each year, the Evening Standard auctions off a load of prizes on eBay, several with a City flavour.  Last year, the winning item was a ping-pong game with John Varley, CEO of Barclays Bank.  That cost £10,500 ($15,000).  This year, it's even more mind-boggling as the top prize went for £14,600 ($20,000).  That was £400…

How much to ping-pong with Goldman Sachs?

Each year, the Evening Standard auctions off a load of prizes on eBay, several with a City flavour.  Last year, the winning item was a ping-pong game with John Varley, CEO of Barclays Bank.  That cost £10,500 ($15,000).  This year, it's even more mind-boggling as the top prize went for £14,600 ($20,000).  That was £400…

How much to ping-pong with Goldman Sachs?

Each year, the Evening Standard auctions off a load of prizes on eBay, several with a City flavour.  Last year, the winning item was a ping-pong game with John Varley, CEO of Barclays Bank.  That cost £10,500 ($15,000).  This year, it's even more mind-boggling as the top prize went for £14,600 ($20,000).  That was £400…

How do you solve the banking crisis?

Question:  How do you solve the banking crisis? Answer: No-one knows. It’s interesting to ask this question because I was asked this very question on Thursday of last week.  The question was poised in the context of the UK Parliament debating the Banking Bill today in the House of Commons, and I had been asked…

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