The best story of the week is the leaked email from Der Spiegel of Deutsche Bank’s instructions to employees to give up their sex and drugs and rock ‘n’ roll. As the credit crunch hits, no more market excesses are allowed, with Deutsche’s staff to shave and shower at airports (instead of booking into hotels),…
Matthew Bishop, the American business editor of the Economist, talked through his views on the credit crunch at a conference I am attending in Miami. He began by asking the audience if they thought the USA was in recession. This was using voting devices. Y’know the ones you get at conferences that are a bit…
Reading today’s news headlines, you might think that the markets had exploded or imploded, dependent upon where you sit. Apparently, hundreds of new exchanges and multilateral trading facilities have started up and are winning business away from traditional exchanges. But the question top of my own mind is whether stock exchanges are really fungible? According…
Reading today’s news headlines, you might think that the markets had exploded or imploded, dependent upon where you sit. Apparently, hundreds of new exchanges and multilateral trading facilities have started up and are winning business away from traditional exchanges. But the question top of my own mind is whether stock exchanges are really fungible? According…
According to various reports, the seven finance ministers of the G7 have asked to meet leaders of the ten largest banks, including Citigroup and Mizuho Corporate Bank, tomorrow. The aim is to create a strategy to deal with the widening panic over the global credit crisis. A Japanese Finance Ministry official said: "About 10…
