The former boss of Lehman Brothers, Dick “the gorilla” Fuld, has come out all guns blazing and blamed false rumours, uncontrollable market forces and the refusal of the US government to ride to the rescue. …read more
Posts Tagged ‘banking’
Fuld blames the Fed
Wednesday, September 1st, 2010Kabul Bank taken over by Afghan authorities
Tuesday, August 31st, 2010
Kabul Bank, a financial institution part owned by President Hamid Karzai’s brother, has been taken control of by the Central Bank of Afghanistan. …read more
Icy Bank Debt
Monday, August 16th, 2010
I’m not sure if it’s just my taste in adverts, but there is something about that Halifax advert (Ice Ice Baby) that seems to have a negative effect on me. Is it the poor, contrived beginning, or the fact it really tails off in the middle or that the end is just best not talked about? …read more
Don’t exempt the City, Gold Plate the rules
Thursday, July 8th, 2010
The Financial Services Authority’s lawyers are looking into the possibility of claiming exemption for the City from stringent new EU banking pay rules. …read more
EU widens scope of bank stress tests
Tuesday, June 29th, 2010
In an attempt to quieten down worries about the state of the European banking system the EU is doubling the number of banks to be stress tested to 120. …read more
Families catch the saving bug
Friday, June 25th, 2010
According to the Bank of England (BoE) families are saving more now than they have for the last twenty years.
This is the first year since modern records began that families have put more into deposit accounts (£24 billion), than they took out in loans (£20 billion). …read more
Whose money is it?
Wednesday, May 26th, 2010
Well, according to the actions of a couple of major financial institutions you’d think it was there’s.
The Daily Mail today reports that the Alliance and Leicester, now owned by the Spanish banking giant Santander will, as from July, stop in-branch withdrawals of less than £300 …read more
Gordon Brown ‘shocked’ at Goldman Sachs allegations
Monday, April 19th, 2010
Not only is Gordon Brown disturbed at the allegations made against Goldman Sachs (GS) by the US Securities and Exchange Commission (SEC), but many lawyers in America are predicting a wave of legal action, possibly a class action, against the bank. …read more
