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…
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…
There is a great deal of anger and disquiet bubbling away worldwide thanks to this crisis created by the financial system. I note however, that there seems to be a distinct lack of news coverage on these widespread protests and, in some cases, riots. The start point of such a conversation has to be Iceland,…
There is a great deal of anger and disquiet bubbling away worldwide thanks to this crisis created by the financial system. I note however, that there seems to be a distinct lack of news coverage on these widespread protests and, in some cases, riots. The start point of such a conversation has to be Iceland,…
There is a great deal of anger and disquiet bubbling away worldwide thanks to this crisis created by the financial system. I note however, that there seems to be a distinct lack of news coverage on these widespread protests and, in some cases, riots. The start point of such a conversation has to be Iceland,…
