Shaping the future of finance
I'm on travels again and in Hong Kong this week. That's fine although it was disappointing to wake up to the South China Morning Post screaming headline: "HSBC hit by worst fall for two decades". Oh yes, that really cheered me up. It's all to do with the HSBC £12.5 billion ($17 billion) rights issue…
It’s been a great week for men of words in the banking system to come clean and tell their stories of mistakes and errors. It started with Robert Reich, former Secretary of Labour under Bill Clinton, stating that: “The idea of a self regulating market seems quaint if not outright ludicrous in the wake of…
It’s been a great week for men of words in the banking system to come clean and tell their stories of mistakes and errors. It started with Robert Reich, former Secretary of Labour under Bill Clinton, stating that: “The idea of a self regulating market seems quaint if not outright ludicrous in the wake of…
It’s been a great week for men of words in the banking system to come clean and tell their stories of mistakes and errors. It started with Robert Reich, former Secretary of Labour under Bill Clinton, stating that: “The idea of a self regulating market seems quaint if not outright ludicrous in the wake of…
Another attempt to explain the financial crisis. The last ones were with birds and cows. This time it's beer-bellied drunks! John owns a bar and, in order to increase sales, decides to allow the most loyal customers – who are mainly unemployed drunks – to drink now but pay later. He keeps track of the…
