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Misstrade pointed me to a fascinating half-hour interview with Jim Rogers, who was co-founder of the Quantum Fund with George Soros. This is the second part of the interview (click for first or third part): and he's saying that there were absurd practices in the City of London, which had more exposure than anywhere else…

Things we're reading today include … UK Bank of England cuts rates to 0.5% and starts quantitative easing (Guardian)  Bank to 'print' £75bn of new money as it cuts rate (The Times) FSA's Lord Turner to call for new banking oversight role (Telegraph) Lloyds in talks over toxic asset insurance and the taxpayer's stake (Guardian)…

Things we're reading today include … UK Bank of England cuts rates to 0.5% and starts quantitative easing (Guardian)  Bank to 'print' £75bn of new money as it cuts rate (The Times) FSA's Lord Turner to call for new banking oversight role (Telegraph) Lloyds in talks over toxic asset insurance and the taxpayer's stake (Guardian)…

Things we're reading today include … UK Bank of England cuts rates to 0.5% and starts quantitative easing (Guardian)  Bank to 'print' £75bn of new money as it cuts rate (The Times) FSA's Lord Turner to call for new banking oversight role (Telegraph) Lloyds in talks over toxic asset insurance and the taxpayer's stake (Guardian)…

Northern Rock released their annual report this morning, a year after their ‘temporary’ nationalisation on 22nd February 2008. The report provides some fascinating reading, and here are the headline numbers: A loss of £1.4 billion, of which £900m is for loan losses and £300m for write-downs The bank reduced staff by 1,300 to 4,500 through…

I was in Canary Wharf yesterday in a variety of meetings and walked across from the Wharf to West Quay for a conference in the Marriott Hotel. As I wandered across the bridge, there was a seal in the waters of the Docklands behind HSBC. I thought my eyes deceived me and waited ages for…

I was in Canary Wharf yesterday in a variety of meetings and walked across from the Wharf to West Quay for a conference in the Marriott Hotel. As I wandered across the bridge, there was a seal in the waters of the Docklands behind HSBC. I thought my eyes deceived me and waited ages for…

I was in Canary Wharf yesterday in a variety of meetings and walked across from the Wharf to West Quay for a conference in the Marriott Hotel. As I wandered across the bridge, there was a seal in the waters of the Docklands behind HSBC. I thought my eyes deceived me and waited ages for…

This video is a newish single by ex-Christian (a band) Henry Priestman.  It's called "Don't you love me no more", and is all about being made redundant. Unfortunately, it has been banned as the video uses the logos of many mainstream banks without their permission.  That's why, halfway through, it says the next 2 minutes…