Archive for the ‘Bank Merger’ category
If most Britons had not previously heard of Dexia, don’t worry: most Belgians had not heard of Northern Rock until the run four years ago. But both collapses mark the start of major phases in the financial crisis.
(more…)
Posted on 5th October 2011 in Bank Merger | No Comments »
The public-sector job cuts have started.
(more…)
Posted on 11th May 2010 in Bailout, Bank Merger, Banks, RBS | No Comments »
For a UK company to launch a record £13bn rights issue on the eve of a finely-balanced general election in its home country and a Greek debt crisis that is circling the globe looked a risky strategy.
(more…)
Posted on 5th May 2010 in Bank Merger | No Comments »
Are these overgeared pyramids really the people to be buying Britain’s banks?
(more…)
Posted on 26th April 2010 in Bailout, Bank Merger, Banks, Barclays, Lloyds Banking Group | No Comments »
In the United States the miscreant Northern Rock executives would gave received jail sentences longer than their life expectancy. In China they might have been executed. But even a £500,000 fine is exceptional in Britain, which is only just taking financial collapse seriously.
(more…)
Posted on 14th April 2010 in Bailout, Bank Merger, Banks | No Comments »
President Obama’s call to make banks shed risky trading – effectively a new Glass-Steagall Act – is not off the UK agenda, despite being dismissed by government ministers. The architect of the plan, former Federal Reserve chairman Paul Volcker, is coming to the House of Commons to outline his plan.
(more…)
Posted on 25th January 2010 in Bailout, Bank Merger, Banks, Barclays, HSBC | No Comments »
Nevermind that the Bank of England kept secret for a year its massive loan to HBoS and RBS (LON:RBS), why on earth did it choose to break its silence on the day Lloyds Banking Group (LON:LLOY) announces its record rights issue?
(more…)
Posted on 25th November 2009 in Bailout, Bank Merger, Bank of England, Banks, HBOS, Lloyds Banking Group, RBS | No Comments »
The government’s promise of three new banks looks attractive for an industry that has retreated to a Big Four offering little competition. But one of the three newcomers isn’t new and the other two are tiddlers.
(more…)
Posted on 2nd November 2009 in Bank Merger, Bank of England, Banks, Barclays, HSBC, Lloyds Banking Group | No Comments »
If banks shouldn’t be “too big to fail” how small must they be before we allow them to collapse? It’s the question the Bank of England’s governor must answer.
(more…)
Posted on 21st October 2009 in Bailout, Bank Merger, Bank of England, Banks, HBOS, HSBC, Lloyds Banking Group | No Comments »
Dare one ask, amid all the comment to mark the year since the collapse of Lehman Brothers, were the financial regulators wrong in refusing to rescue the bank?
(more…)
Posted on 17th September 2009 in Bailout, Bank Merger, Bank of England, Banks, Lloyds Banking Group | 1 Comment »