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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 …

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 …

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…

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…

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…

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…

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…

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…