Regulation

Just got news of the fact that London Scottish Bank, based in Manchester with around 1200 staff, has been placed into administration by the Financial Services Authority after being unable to meet its regulatory capital requirements.

Post-election, the Onion News Network reports that Barack Obama’s supporters have lost the will to live: Meanwhile in his paternal homeland of Kenya, mothers across the nation are naming their children Barack or Michelle, after his wife, or Obama which means ‘blessed one’, or a mixture of all three. What this means for the banking…

So the governments of the world pumped in $3.5 trillion to the banking markets over the past month.  Markets that have lost $2.8 trillion over the past year. And what do the banks do? Well the US banks, who received $700 billion, used $70 billion to pay staff bonuses and about $100 billion to pay…

So the governments of the world pumped in $3.5 trillion to the banking markets over the past month.  Markets that have lost $2.8 trillion over the past year. And what do the banks do? Well the US banks, who received $700 billion, used $70 billion to pay staff bonuses and about $100 billion to pay…

Whatever we say about the Eurozone and its challenges, particularly in light of the credit crunch, we have a problem. When Ireland announced guarantees for all customer deposits, without limits, earlier this month it led to a crisis of confidence. The crisis was the flow of funds from all EU countries to Ireland as a…

Whatever we say about the Eurozone and its challenges, particularly in light of the credit crunch, we have a problem. When Ireland announced guarantees for all customer deposits, without limits, earlier this month it led to a crisis of confidence. The crisis was the flow of funds from all EU countries to Ireland as a…

The Bank of England (“the Bank”) released their Financial Stability Report today … or should we rename this the Financial Instability Report as that’s what we’ve seen for the last few months. The Report reviews the UK banking system every six months and started back in 1996. In that first report, the Bank said: “The…

The Bank of England (“the Bank”) released their Financial Stability Report today … or should we rename this the Financial Instability Report as that’s what we’ve seen for the last few months. The Report reviews the UK banking system every six months and started back in 1996. In that first report, the Bank said: “The…