8 Jun 2010

Germany: Compliance Madness

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It is well-known, that thanks to Karl Marx Germany 'gifted' Communism to the World. He may not have been the sole inventor of this c...
27 May 2010

Banking: Maturity Mismatch continues

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Reports about increasing levels of stress in bank funding should surprise no one. One of the key lessons - if not THE key lesson - of the C...
26 May 2010

FSA behaves like a traffic warden

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The FSA is a enough of a burden for the ordinary saver in this country. More than 4000 bureaucrats are well paid to push around paper and a...
25 May 2010

Bank Chief: Savers should lose in bank failure

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We tend to agree with Peter Sands , chief executive of Standard Chartered , who said "that people with savings above any sum guarantee...
24 May 2010

Dubai debt settlement leaves sour taste

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With members states of the UAE sitting on reserves and investments worth hundreds of billions it is - to say the least- astounding that the...

Banks are still allowed to play in Private Equity?

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The lack of banking reform becomes evident in the fact that Goldman Sachs is still able to play the private equity game with its own money...

Abacus CDO Deal: Moral Equivalency

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It is surprising how many commentators see nothing wrong with the Paulson /Goldman Sachs Abacus CDO deal. We admit to disagree. In our busi...

Neo-Feudalism will kill London Financial Centre

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News that the FSA has reputedly blocked the appointment of John Hyman by Nomura will send a chill through the UK's financial centre...
23 May 2010

Financial Non-Reform in the US

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Should one laugh or cry? The solons have given birth to a mouse , some will love it, but who will have the last laugh?

SEC: non-report on 1000 point drop in Dow Jones

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After a weekend of heavy-duty gardening your correspondent is back to the real world. This comment on the SEC's effort to bring light i...