UK retreat from RBS is more important than value

March 6, 2015

Chancellor George Osborne now wants to return the bank rapidly to private hands after May’s election. Both strategy and governance have been flawed. Britain is wary of starting to reduce its 79 pct stake at a loss. But that’s a price worth paying to put RBS on a stable footing.

Review: Bank of England exposed, but not decoded

March 9, 2012

The central bank is as powerful as at any time in its 318-year history, yet remains stubbornly opaque. Dan Conaghan’s “The Bank” attempts to chart its recent history. Though far from definitive, the book is the best available guide to an increasingly important institution.