Watching the BBC’s Money Programme, they have just started a six-part series about the Credit Crash on Thursday nights. The first episode focused upon HBOS and their issues. Fascinating programme that included an interview with Paul Moore, the Group Head of Risk for HBOS from 2002 to 2004. This is the Paul Moore who reported…
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…
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…
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…
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…
