In his comments to the Treasury Select Committee's enquiry into the crisis yesterday, the Governor of the Bank of England, Mervyn King, said that banks should avoid lending and weakening their capital base individually but that, collectively, this could seriously damage the economy: "Individually, it makes sense … to behave defensively and reduce the size…
At this time of year, I always spend a while reviewing the year that has passed. Last year, I lingered over discussions that reviewed retail banking, capital markets and payments. To be honest, I don’t need to do that this year as the year has been over-shadowed by one thing: SURVIVAL Can the bank make it…
At this time of year, I always spend a while reviewing the year that has passed. Last year, I lingered over discussions that reviewed retail banking, capital markets and payments. To be honest, I don’t need to do that this year as the year has been over-shadowed by one thing: SURVIVAL Can the bank make it…
At this time of year, I always spend a while reviewing the year that has passed. Last year, I lingered over discussions that reviewed retail banking, capital markets and payments. To be honest, I don’t need to do that this year as the year has been over-shadowed by one thing: SURVIVAL Can the bank make it…
In one of President-elect Barack Obama's first moves into sorting out the mess of the financial industry in America, he has chosen Mary Schapiro to be new Chair of the Securities and Exchange Commission (SEC). Ms. Schapiro is known as a tough regulator but, by some, is also seen as an industry insider who will…
In one of President-elect Barack Obama's first moves into sorting out the mess of the financial industry in America, he has chosen Mary Schapiro to be new Chair of the Securities and Exchange Commission (SEC). Ms. Schapiro is known as a tough regulator but, by some, is also seen as an industry insider who will…
In one of President-elect Barack Obama's first moves into sorting out the mess of the financial industry in America, he has chosen Mary Schapiro to be new Chair of the Securities and Exchange Commission (SEC). Ms. Schapiro is known as a tough regulator but, by some, is also seen as an industry insider who will…
