No time should be wasted asking them to reform – just do it
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Tuesday 30 June 2009
Thursday 18 June 2009
As Winston Churchill's secretary and assistant, Patrick Kinna often found himself at the centre of events during the Second World War. The Kinna family had generations of army service but Patrick, slight of stature and not cut out to follow his four elder brothers into the forces, thought to have a career as a journalist and enlisted in a local secretarial college to acquire shorthand and typing skills, winning the All England Championship for secretarial speeds. He joined Barclays Bank as a clerk while deliberating whether to be a journalist or a skating instructor; he had been training with Belita Jepson-Turner and achieved British gold medal status in ice dancing.
Sunday 14 June 2009
One of the City's most blue-blooded stockbrokers once told me there is a simple reason why London has been the hub of global finance for more than 300 years – British financiers are brilliant hustlers.
Wednesday 10 June 2009
Sunday 10 May 2009
Friday 24 April 2009
Thursday 02 April 2009
Monday 23 March 2009
If there are any young psychologists looking around for a subject for a PhD thesis, may I suggest a subject? It would be something along the lines of "Guilt, expiation or displacement at The Guardian".
Tuesday 17 March 2009
Outlook Barclays Bank keeps pulling rabbits out of the hat in order to avoid throwing in its lot with the British taxpayer. Last autumn, when everyone assumed it would have to sell a chunk of equity to the state to boost its capital strength, it instead managed to do a deal – albeit a controversial one – with the Middle East. And now the sale of iShares, its exchange-traded fund business, may enable it to avoid participation in the asset protection scheme.
Friday 20 February 2009
Outlook A couple of years ago, when it looked as if we were app-roaching the top of the cycle, I asked a number of property companies how they expected to cope in a downturn. Remember, many commercial property developers had been completely wiped out in the recession of the early 1990s.
Wednesday 18 February 2009
Indebted companies worried about refinancing loans are increasingly turning to deals known as “forward start” facilities, which allow them to secure long-term debt without the banks having to pay new money up front.
Sunday 08 February 2009
Tuesday 03 February 2009
Barclays Bank faced a new challenge yesterday as credit ratings agency Moody’s cut its rating by two full notches, leading to a one-tenth fall in its share price. As well as falls in stock making fundraising through rights issues harder, a lower credit rating tends to make borrowing more expensive. The ratings agency cut Barclays’ rating to Aa3 on expectations the bank has not yet finished writing down the value of its assets.
Tuesday 03 February 2009
It was snow joke for traders in the City yesterday, as many took one look at the weather conditions and stayed at home. They were not the only things grounded by the bad weather, as the snow scuppered British Airways' share price as well as its planes.
Saturday 31 January 2009
British business leaders here in Davos want to see the formation of a "B20" of global business and banking bosses to develop a dialogue with governments over financial reform, writes Jeremy Warner.
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