Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.
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Thursday 05 July 2012
NYSE Euronext has hired Patrick Birley, the former head of clearing company LCH.Clearnet, as chief commercial officer at its London-based clearing house, which the exchange plans to open next June.
Friday 04 May 2012
A Parliamentary inquiry into the performance of the Bank of England during the financial crisis should be ordered immediately, MPs said last night, after the Bank's Governor Sir Mervyn King made the surprise statement that he would be happy to co-operate with such a probe.
Friday 27 April 2012
It's up to the Labour leader to offer the country a coherent Plan B
Friday 09 March 2012
Those of us who imagined that the perfect lives in The Truman Show constituted a glimpse of the future could have no better reality check than The Near and the Elsewhere, a potent exhibition of visual artworks at the PM Gallery at Pitzhanger Manor, Ealing, London. These unsettling freeze-frames – by turns surreal, mysterious, or coruscatingly depressing – are like slides from some urban-cum-architectural pathology lab.
Thursday 01 March 2012
If you were seeking an accountant, would you hire one that has just blown a £12m black hole in its own accounts? RSM Tenon, the number crunchers with the dodgy calculator, said yesterday that a review of the group's finances had revealed "significant errors".
Wednesday 15 February 2012
The US private-equity firm Carlyle is set to almost double its money by selling UK cash systems and automatic teller machines business Talaris to a Japanese rival in a deal worth £650m.
Saturday 21 January 2012
More than 100 London bankers will next week go to the High Court to sue German banking giant Commerzbank over €50m (£42m) in unpaid bonuses.
Wednesday 11 January 2012
Wednesday 31 August 2011
Outlook Having written at length in yesterday's Independent about why there should be no delay in implementing the reforms about to beproposed by Sir John Vickers' Independent Commission on Banking, there is no need to dwell for too long on CBI boss John Cridland's assertion that to introduce them at a such a delicate moment in the economic cycle would be "barking mad".
Thursday 25 August 2011
Outlook Three years after the collapse of Lehman Brothers and AIG, regulators still have not found a way to keep track of the opaque derivatives market that paralysed the world's financial system in the wake of those corporate disasters.
Friday 19 August 2011
while not on the scale – yet – of the panic that gripped the financial world in the aftermath of the failure of Lehman Brothers in
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