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Where the US leads, could others follow?
March 18, 2009 5:05 pm No Comments
AIG, the US insurer which got through $170bn of taxpayers’ money in order to survive and then had the cheek to pay $165m of it to dozens of senior executives, is up before a congressional committee today.
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When a gag becomes a get-out clause
March 10, 2009 6:45 pm No Comments
I had dinner last night with a private equity guy who is still in the money. Interesting entity. He tipped me to something I had not thought about.
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Congratulations! You and I own another bank
February 19, 2009 12:01 pm 8 Comments
Yes, it’s official, we are in charge of Lloyds Banking Group, aka Lloyds TSB HBOS. In fact we didn’t know it. But we’ve had it since 13 October last year. According to a release that lands on our desks this morning, the Office of National Statistics has deemed that both RBS (which we already knew [...]
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Is it time to feel the bankers’ ermine collars?
January 21, 2009 12:04 pm No Comments
There’s nothing like a quick visit to America to remind you of the interesting contrasts between our two nations – divided as they are by a common tongue. In the United States President Obama tells bankers to show responsibility and forego bonuses because “there are people who are a lot less well off, who are [...]

