My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.
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Wednesday 24 November 2010
Action has been taken against one of the UK's biggest debt collection agencies after it pursued the wrong people for money owed.
Saturday 20 November 2010
The scourge of Wall Street?
Monday 15 November 2010
British businesses are failing to reap any benefits from plugging their pension black holes, reveals a new report by Pricewaterhouse-Coopers.
Thursday 11 November 2010
It was brave of Mervyn King yesterday to compare the Bank of England's Monetary Policy Committee to England's cricket team, ready to attack or defend the next ball (or bout of inflation) depending on the line, length and pace of its delivery. Given the history of England teams and their collapses over the year, isn't the Governor rather tempting fate? Both for England's Ashes hopes in Australia this winter, and for the poor old British economy.
Wednesday 10 November 2010
New Zealand today confirmed they will fight "to the death" against the four-week ban handed down to hooker Keven Mealamu for an apparent headbutt on England's Lewis Moody.
Saturday 06 November 2010
The battle against legal loan sharks hit Westminster this week when the Labour MP Stella Creasy's Consumer Credit Bill got the nod for a second reading next February. More excitingly, Stella has secured a debate on the Bill next Tuesday in Westminster Hall, where the Government will have to respond to her proposals.
Wednesday 27 October 2010
George Osborne received a double helping of good news yesterday: better-than-expected figures on the strength of the recovery and an upgrade from the credit-ratings agency Standard & Poor.
Monday 11 October 2010
A review of Government efficiency by a leading businessman has uncovered a "staggering" waste of money, it was revealed today.
Sunday 10 October 2010
Fears over missed direct debit payments and administrative errors are stopping bank customers from switching current account providers according to Consumer Focus.
Thursday 07 October 2010
Outlook What can Ireland do to end the cycle of bad news? Last year, the Irish government risked social unrest with a series of austerity budgets ushering in swingeing spending cuts. They were not enough to reassure the bond markets, with investors spending much of this summer fretting about the mounting cost of bailing out Irish banks. In response, the government unveiled a new plan last week, based on worst-case scenarios, to tackle that crisis. It was praised by banking experts as realistic and achievable (though very unpleasant). But that wasn't enough to appease the credit rating agencies. Fitch cut its rating of Irish sovereign debt yesterday, while Moody's is considering following suit.
Thursday 07 October 2010
Sunday 03 October 2010
Exponent Private Equity, the owner of debt collector Lowell Group, is set to appoint adviser Hawkpoint to sell the business.
Sunday 03 October 2010
Wednesday 22 September 2010
The gaping hole in the public finances was laid bare yesterday after borrowing grew to a record level in August as interest payments on sovereign debt jumped in line with higher inflation.
Tuesday 07 September 2010
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
- 1 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond