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Like most of the banks, the Bank of England has made a bundle out of the credit spreads of the last six months.  Locking in bank loans at 5.5 percent interest rates fixed for nine months, the rapidly dropping rates to just 0.5 percent earlier this year meant that the Bank made a billion in…

Yesterday was the day that the US Government was meant to come out and say that their banks were really stressed, but they didn’t. There’s lot of negotiation of the detail you see. You only have to checkout the things worth reading section of this blog to see the history, although here’s a few of…

The Huffington Post published the list of the Top 10 CEO pay packages for 2008. The list is based upon the Associated Press formula which adds up salary, benefits, bonuses, preferential interest rates on pay set aside for later and company estimates for the value of stock options and stock awards on the day they…

Jeffry Pilcher at the Financial Brand posted this excellent presentation on Slideshare last week about the do's and do not's of social finance: View more presentations from Jeffry Pilcher. The presentation outlines what you need to know to implement Web 2.0 tools that accomplish real business objectives: The hardcore realities behind all the Web 2.0…

So we've seen major US banks announcing great results in the last week with Citi dropping in with $1.6 billion after almost two years of losses; JPMorgan $2.1 billion; Goldman $1.8 billion; Wells Fargo (reporting Wednesday 22nd) expected to post $3 billion; and Bank of America reporting $4.2 billion profits at lunchtime today. This is…

So we've seen major US banks announcing great results in the last week with Citi dropping in with $1.6 billion after almost two years of losses; JPMorgan $2.1 billion; Goldman $1.8 billion; Wells Fargo (reporting Wednesday 22nd) expected to post $3 billion; and Bank of America reporting $4.2 billion profits at lunchtime today. This is…

So we've seen major US banks announcing great results in the last week with Citi dropping in with $1.6 billion after almost two years of losses; JPMorgan $2.1 billion; Goldman $1.8 billion; Wells Fargo (reporting Wednesday 22nd) expected to post $3 billion; and Bank of America reporting $4.2 billion profits at lunchtime today. This is…

My friends at Euro Conventions are organising their 22nd European Finance Convention in Lisbon, Portugal on 19th and 20th May.  Keynotes and panels consist of many leading luminaries in the EU, including: Erik Berglöf, Chief Economist & Special Adviser to the President, EBRD, United KingdomJavier Ariztegui, Deputy Governor, Bank of Spain Adrzej Reich, Financial System Group,…

My friends at Euro Conventions are organising their 22nd European Finance Convention in Lisbon, Portugal on 19th and 20th May.  Keynotes and panels consist of many leading luminaries in the EU, including: Erik Berglöf, Chief Economist & Special Adviser to the President, EBRD, United KingdomJavier Ariztegui, Deputy Governor, Bank of Spain Adrzej Reich, Financial System Group,…