31 Jul 2012

UBS hit by loss on Facebook IPO

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This headline says it all. The hottest (or most hyped, depending on your point of view) new issue deal of the year, maybe decade, and one o...
23 Jul 2012

Asian Financial Centers - Opportunity or Threat?

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To predict that Asian economies - and financial centers - will see more growth than Europe or the USA will come as no surprise to anyone. B...
22 Jul 2012

Libor Manipulation: A Victimless Crime?

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After having received a lot of criticism for my earlier post on the subject I am glad to find voices that also 'query the effect of Li...
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 ...