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Cold wars in Russian banks

Russia claims that it’s had little impact from the financial crisis, with banks growing at double digits and the Kremlin’s coffers remaining strong. This week Anna Smolchenko, a reporter with the Moscow Times, writes that Prime Minister Putin states: “On the whole, our economy is well enough prepared for long-lasting external shocks … the Russian…

Cold wars in Russian banks

Russia claims that it’s had little impact from the financial crisis, with banks growing at double digits and the Kremlin’s coffers remaining strong. This week Anna Smolchenko, a reporter with the Moscow Times, writes that Prime Minister Putin states: “On the whole, our economy is well enough prepared for long-lasting external shocks … the Russian…

Today’s the day we can all breathe again

On September 15th, Lehman Brothers collapsed with $613 billion worth of debt. Today, that debt is unravelled and the winners and losers sorted out. Tomorrow, we can move on. Or can we? Read more …

Today’s the day we can all breathe again

On September 15th, Lehman Brothers collapsed with $613 billion worth of debt. Today, that debt is unravelled and the winners and losers sorted out. Tomorrow, we can move on. Or can we? Read more …

Aussie bank NAB, shamed and named

On the one hand, I applaud them for trying. On the other, how darned stupid can you get? What am I talking about? National Australia Bank, or NAB as they’re now known. I just got wind of what’s going on down under from the Better Banking Blog, who summarise the situation quite well. NAB launched…

Aussie bank NAB, shamed and named

On the one hand, I applaud them for trying. On the other, how darned stupid can you get? What am I talking about? National Australia Bank, or NAB as they’re now known. I just got wind of what’s going on down under from the Better Banking Blog, who summarise the situation quite well. NAB launched…

The Jobless Banker

I was looking at the layoff trends in banking over the weekend, and it’s pretty hairy.   2007 set a record number of 153,000 US jobs lost in finance, three times the average numbers for the years before according to figures from Challenger Gray, the outplacement firm.   If 2007 was a record, 2008 may…

More credit crunch jokes

Apparently, Barclays Bank is so keen to turn a profit that they're changing their real estate into prime property: Mind you, it's getting so hard to see the value of money these days, that I was in a lap-dancing club the other day and the guys were tipping the girls with Luncheon Vouchers.The credit crunch…

Barclays

More credit crunch jokes

Apparently, Barclays Bank is so keen to turn a profit that they're changing their real estate into prime property: Mind you, it's getting so hard to see the value of money these days, that I was in a lap-dancing club the other day and the guys were tipping the girls with Luncheon Vouchers.The credit crunch…

Barclays

You would be turning in your grave

I’ve heard some pretty dire stories about the credit crunch, but none more so than this Daily Mail effort that says folks cannot even afford to bury their dead. Apparently, "hard-up families are having to wait more than two months before receiving Government money for funerals."  This is because funeral directors used to do the…

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