I spent a lot of time talking about Barclays Bank yesterday, and the fact that they have not taken the government’s offer of recapitalisation support, unlike RBS, HBOS and Lloyds TSB. This is an unusual move, and everyone wondered what trick they held up their sleeve. Obviously they needed capital, but where were they going…
After taking the piddle out of Iceland in my blog about their collapsing banks when the news broke back on 7th October, I do feel some sympathy for their situation. Especially as our banks are in crisis too. However, to protect British interests by using anti-terrorism laws to freeze Icelandic bank assets in Britain, we…
After taking the piddle out of Iceland in my blog about their collapsing banks when the news broke back on 7th October, I do feel some sympathy for their situation. Especially as our banks are in crisis too. However, to protect British interests by using anti-terrorism laws to freeze Icelandic bank assets in Britain, we…
I noted in yesterday’s blog about the Financial Stability Report from the Bank of England that they say UK banks ramped up lending to £700 billion ($1.1 trillion) over deposits between 2001 and 2008, but failed to mention that they estimate total losses in the credit crisis to be $2.8 trillion. That’s a lot more…
I noted in yesterday’s blog about the Financial Stability Report from the Bank of England that they say UK banks ramped up lending to £700 billion ($1.1 trillion) over deposits between 2001 and 2008, but failed to mention that they estimate total losses in the credit crisis to be $2.8 trillion. That’s a lot more…
I noted in yesterday’s blog about the Financial Stability Report from the Bank of England that they say UK banks ramped up lending to £700 billion ($1.1 trillion) over deposits between 2001 and 2008, but failed to mention that they estimate total losses in the credit crisis to be $2.8 trillion. That’s a lot more…
Thanks to Information Week for pointing out the top internet hoaxes of all time. First, is the discovery of BigFoot. Yep, a dead Sasquatch was found in Georgia. The movie proves it: Then there’s Snowball, the mutant cat: and there’s the last tourist to enjoy time on top on the World Trade Centre in 2001. …
Thanks to Information Week for pointing out the top internet hoaxes of all time. First, is the discovery of BigFoot. Yep, a dead Sasquatch was found in Georgia. The movie proves it: Then there’s Snowball, the mutant cat: and there’s the last tourist to enjoy time on top on the World Trade Centre in 2001. …
The World Economic Forum (WEF) released their Global Competitiveness Report last week. Compiled by Michael Porter of Harvard University and Klaus Schwab of the WEF, it clearly shows the impact of the last year’s market turbulence. In the preface, Klaus Schwab sums up the current world pretty well: “This year’s Global Competitiveness Report…
