The ‘oversize banking’ model of too-big-to-fail is more dangerous than ever. We must get to the root of the problem with comprehensive and clear regulation. Christine Lagarde, managing director of […]
Barclays published a note suggesting the Cyprus mess, plus the incoming common resolution framework, might wipe €15bn annually from the profits of Europe’s biggest banks. via European banks after Cyprus…
According to Mervyn King, Governor of the Bank of England..
Looking under the hood..
During the credit crisis, we argued that temporary nationalization would be the best option to deal with financial institutions gone wild. Turns out we might have been to moderate..
es, the social contract is unraveling and we fear these examples set a very bad precedent, increasing opportunistic behaviour elsewhere..
The head of Goldman Sachs. This produced raised eyebrows even on Wallstreet and subscriptions are cancelled..
The first time around it turned out that she was right..
Credit in the US, that is. Not too much demand for it, apparently.