30 Aug 2009

Lessons from Dresdner Kleinwort fiasco

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The news that three more former employees are suing Commerzbank for the payment of allegedly promised bonus payments should serve as a rem...
29 Aug 2009

Lehman - another eyewitness account

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Larry McDonald has just finished and interesting book about Lehman . It just underlines that the all-purpose boards at best are an expensive...
19 Aug 2009

Banks need to be protected from themselves

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The farcial comedy surrounding the attempted takeover of Continental by Schaeffler proves that the old saying is correct: the more you owe...

Bank rescues distort competition - BIS Study

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The unprecedented support for the banking system has so far cost the 11 leading economies about Euro 2 billion in subsidies and/or state sup...
17 Aug 2009

Banking Pay - a better solution

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Politicians and Media Pundits in several countries are currently discussing ways to control pay in the banking industry. Discriminatory laws...
13 Aug 2009

Hell-bent on destruction

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The self-servicing top tax court in the UK (ominousely called 'Special Commissioners') has just issued an order to the foreign banks...
7 Aug 2009

To split or not to split?

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One of the many possible remedies for the banking crisis is the separation of traditional banking (lending and deposit taking) from investme...
6 Aug 2009

Better Regulation for Banks

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A sensible article by Katsunori Nagayasu , President of Bank of Tokyo-Mitsubishi UJF, encourages my view that the solution to the recurring ...
5 Aug 2009

Figuring our Goldman

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While working at GS quite a few years ago I used to joke and say that we were ahead of the competition for a simple reason: we were the one-...
3 Aug 2009

UK probes structured-finance products

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'The U.K. is probing sales of structured products amid concern that bankers may have knowingly sold complex assets based on flawed valua...