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UK bankers get a grilling (REVIEW)

I would post a review of the appearance of the former Chairmen and CEO's of RBS and HBOS in front of the Treasury Select Committee, but these headlines say it all: RBS Board Could Have Stopped ABN Takeover, Ex-Chairman Says Bloomberg – USA What the bankers said guardian.co.uk – UK The questions for the former…

UK bank bosses get a grilling (LIVE FEED)

The former chief executives and chairmen of RBS and HBOS are being called to account by the Commons Treasury Select Committee. Sir Fred Goodwin and Sir Tom McKillop, respectively the former chief executive and chairman of RBS, are joined by Andy Hornby and Lord Stevenson of Coddenham, the former chief executive and chairman of HBOS….

UK bank bosses get a grilling (LIVE FEED)

The former chief executives and chairmen of RBS and HBOS are being called to account by the Commons Treasury Select Committee. Sir Fred Goodwin and Sir Tom McKillop, respectively the former chief executive and chairman of RBS, are joined by Andy Hornby and Lord Stevenson of Coddenham, the former chief executive and chairman of HBOS….

The world economy was ‘hours’ from collapse

Thanks to Paul Kedrosky’s Infectious Greed and Scott Loftness for linking me up with this video: At 2 minutes 10 seconds into the video, Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According…

The world economy was ‘hours’ from collapse

Thanks to Paul Kedrosky’s Infectious Greed and Scott Loftness for linking me up with this video: At 2 minutes 10 seconds into the video, Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According…

The world economy was ‘hours’ from collapse

Thanks to Paul Kedrosky’s Infectious Greed and Scott Loftness for linking me up with this video: At 2 minutes 10 seconds into the video, Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According…

Hiring outsiders at the London Stock Exchange (Update)

Today, the FT reckons it’s ex-Lehman Bros Xavier Rolet taking over at the London Stock Exchange (LSE).  Xavier sat on the LSE’s strategy group and headed Lehmans’ French business.  He was a senior relationship manager for Lehman Brothers when he was based in London, and led relations with the exchanges across Europe, including Euronext and…

Banks pay you to have a mortgage

With today's 0.5% reduction in UK interest rates to 1%, the lowest ever, Paul Lewis was on the BBC news this morning.   He pointed out that the Cheltenham & Gloucester mortgage tracker, which was offered in 2007 at 1% below Bank of England interest rates, will be free for borrowers now.  You can watch the…

Robert Peston in the hot seat

The man voted by GQ magazine as more powerful than Alastair Darling, our Chancellor, is Robert Peston.  Peston has been the BBC man who broke the Northern Rock story, and almost every hot banking story since.  Today, he sat with other journo's in front of the House of Commons Treasury Select Committee and this time…

Robert Peston in the hot seat

The man voted by GQ magazine as more powerful than Alastair Darling, our Chancellor, is Robert Peston.  Peston has been the BBC man who broke the Northern Rock story, and almost every hot banking story since.  Today, he sat with other journo's in front of the House of Commons Treasury Select Committee and this time…

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