Things we're reading today include …Today's must readVirtual worlds are getting a second life (Guardian)"The consultancy kzero.co.uk reports that membership of virtual worlds grew by 39% in the second quarter of 2009 to an estimated 579 million. Not all these members are active but I can't think of anything, anywhere, that has grown so fast…
Things we're reading today include … Companies OFT help for bank start-ups as it makes veiled threat to Lloyds (Telegraph)Northern Rock sale doubt as top banker quits (Times)Santander beats gloom on homes (Financial Times) Saving and Lending Savers drain £2.3bn from building societies (Guardian)Let's scare the banks into lending with capital raising threat (Telegraph)IMF boosts lending to poor…
Things we're reading today include … Companies OFT help for bank start-ups as it makes veiled threat to Lloyds (Telegraph)Northern Rock sale doubt as top banker quits (Times)Santander beats gloom on homes (Financial Times) Saving and Lending Savers drain £2.3bn from building societies (Guardian)Let's scare the banks into lending with capital raising threat (Telegraph)IMF boosts lending to poor…
Things we're reading today include … Today's must readInside Goldman Sachs (New York) and Was the AIG Bailout a Goldman Bailout by Proxy? (Seeking Alpha) "Goldman Sachs was AIG’s biggest banking client, having bought $20 billion in credit-default swaps from the insurer back in 2005… "By that weekend in September, Goldman Sachs had collected $7.5…
Things we're reading today include … Today's must readInside Goldman Sachs (New York) and Was the AIG Bailout a Goldman Bailout by Proxy? (Seeking Alpha) "Goldman Sachs was AIG’s biggest banking client, having bought $20 billion in credit-default swaps from the insurer back in 2005… "By that weekend in September, Goldman Sachs had collected $7.5…
Things we're reading today include … Today's must readInside Goldman Sachs (New York) and Was the AIG Bailout a Goldman Bailout by Proxy? (Seeking Alpha) "Goldman Sachs was AIG’s biggest banking client, having bought $20 billion in credit-default swaps from the insurer back in 2005… "By that weekend in September, Goldman Sachs had collected $7.5…
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,…
