So Lord Turner’s report on the collapse of RBS indicates quite clearly that the FSA was deficient in its regulation of the banks. What a surprise there! Any journalist, accountant, lawyer or investment banker will tell you that this is news for no one. Ever since it came into being the Financial Services Authority, and indeed [...]
Filed under: Banks | Tagged: economic woes, financial advisers, financial services act, Lord Turner, RBS | Leave a Comment »
Some time ago I wrote a blog about why I consider premiership footballers are worth the money they receive. Whilst I appreciate it may not be a view that is palatable to everyone, most football fans don’t really have a problem with the amount their team get paid (provided they are winning!).
Filed under: Banks, Government | 1 Comment »
So Vince Cable and George Osborne are supposedly meeting with representatives of the banks today (Monday 20 December) to tell them in no uncertain terms (!!!) of the folly of paying large bank bonuses.
Filed under: Banks, Government | Leave a Comment »
The government has announced that the post of the Enterprise Czar has been scrapped following Lord Young’s recent resignation from the position over his comments about the recession.
Filed under: Banks, Business, Government, Small business | Leave a Comment »
The British Bankers Association (BBA.org.uk) have recently announced a new initiative called their Business Finance Taskforce. Released on 13th October it is designed to help business thrive and grow. The task force has amassed the support of a number of key banks all committing to 17 actions in 3 broad areas to help businesses thrive [...]
Filed under: Banks, Business, Credit Crunch, Finance, Small business | Leave a Comment »
The new Basel rules on bank capital had been introduced to impose a minimum cushion of capital a bank must keep to absorb losses on their loans.
Filed under: Banks, Business, Government | Leave a Comment »
HMRC have announced that they are changing their banking arrangements for the purposes of VAT. The notice itself, which must have been sent to many thousands of businesses up and down the land, advises VAT registered businesses that they are changing to two new commercial banks namely Citi and Royal Bank of Scotland Group. As [...]
Filed under: Banks, Communications, Government, Miscellaneous | Leave a Comment »
There is an email doing the rounds at the moment a variation of which I have seen over the years. Nevertheless, it still makes me chuckle. Entitled “economic models explained – an update”, it uses the example of 2 cows to amusingly explain different political and economic systems and country stereotypes.
Filed under: Accounting, Banks, Credit Crunch, Finance, Miscellaneous | Leave a Comment »
Last Sunday’s papers contained a number of articles and letters about the new government loan guarantee schemes or at least the existing schemes and how they are being implemented by the banks.
Filed under: Banks, Business, Credit Crunch, Finance | Leave a Comment »
