29 Jun 2012

The latest Idiocy from Brussels (via Paris)

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Control freaks in Brussels and various capitals in 'democratic' Europe are having a field day planning ever-more convoluted regulati...
28 Jun 2012

Libor Manipulation: each coin has two sides

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I am not condoning manipulative behaviour by any of the banks that contributed to setting London Interbank rates. But to all those confessin...
27 Jun 2012

UK Establishment: Bent on destroying Banks

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While the Euro Crisis rages and serves as a useful decoy one development is largely unnoticed by the Commentariat: the war that the UK Estab...

Bank Bailouts for ever?

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As long as there is no radical reform of the banking system we may well have to endure bank bailouts for a very long time and this predicti...
13 Jun 2012

While Rome burns the EU's Almunia plays in his little Sandbox

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One could not make this up, but while the EU's house is on the edge of a major conflagration the useless Nannycrat Joaquin Almunia , in ...
1 Jun 2012

Jamie Dimon: From Saint to Villain

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Since news about the trading loss in JP Morgan's Chief Investment Office broke in April there has been any number of commentators who vi...
16 May 2012

JP Morgan 'loss' - too much ado about nothing?

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The reported 'loss' that JP Morgan took on its investment account may appear to be large but in the context of a portfolio size of ...
8 May 2012

Poor start for Monsieur Hollande

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Hollande has done surprisingly poorly in the second round of the French Presidential elections. Given the unpopularity of Sarkozy (due to hi...
25 Apr 2012

Defer bonuses for 10 years?

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Andrew Haldane, an otherwise sane Bank of England official, has suggested that bonus deferral and claw-back periods should be extended to 10...
19 Apr 2012

Reply from M. Philippe Lamberts - MEP (Green)

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while I agree with you that we have to incentivize banks to go back to their basic mission of collecting savings and using those to fund the...