Things we're reading today include … Companies Lloyds Banking Group names Sir Win Bischoff as new chairman (Telegraph)Shockwaves due from Bear Stearns (Evening Standard)Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds (CFO Magazine)Citi ‘milestone’ as Washington takes 34% stake (Financial Times)American Express Launches OPEN Forum Social Media Site (Payments News) Bank Lending Row Alistair…
I write a few regular columns for the Banker and for BT. The latest one for BT's Re:sources went live the other day:Battling with the banks: ready for prime time As traditional banks focus on balance sheet restructuring, increasing capital reserves, paying back stakeholders and dealing with all manner of governmental interference, is there a…
I write a few regular columns for the Banker and for BT. The latest one for BT's Re:sources went live the other day:Battling with the banks: ready for prime time As traditional banks focus on balance sheet restructuring, increasing capital reserves, paying back stakeholders and dealing with all manner of governmental interference, is there a…
Things we're reading today include … Today's must readThis is how we let the credit crunch happen, Ma'am … (Guardian)"A group of eminent economists has written to the Queen explaining why no one foresaw the timing, extent and severity of the recession … 'In summary, Your Majesty', they conclude, 'the failure to foresee the timing,…
The biggest news stories of the week include: Stock Traders Find Speed Pays, in Milliseconds (New York Times)The Misery Index (the Huffington Post)Barclays and RBS 'will need billions more in capital' (Telegraph)Lord Myners attacks bankers’ greed and finds God (Times)Brussels gives UK five years to fix RBS and Lloyds (Telegraph)UK economy will only make full recovery in 2014, thinktank…
Things we're reading today include … Today's must readStock Traders Find Speed Pays, in Milliseconds (New York Times)"It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices. It is called high-frequency…
Things we're reading today include … Today's must readStock Traders Find Speed Pays, in Milliseconds (New York Times)"It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices. It is called high-frequency…
Things we're reading today include: Today's must read I don't like to headline the blog with something called "The Misery Index", but the Huffington Post did so, if it's good enough for them, then it's good enough for me. "The original Misery Index is a formula created by economist Arthur Okun that adds the current…
Things we're reading today include: Today's must read I don't like to headline the blog with something called "The Misery Index", but the Huffington Post did so, if it's good enough for them, then it's good enough for me. "The original Misery Index is a formula created by economist Arthur Okun that adds the current…
Things we're reading today include: Today's must read I don't like to headline the blog with something called "The Misery Index", but the Huffington Post did so, if it's good enough for them, then it's good enough for me. "The original Misery Index is a formula created by economist Arthur Okun that adds the current…
