The Great Debate UK

Why the end of the oil boom is problematic for us all

December 2, 2014

Since OPEC decided not to cut production at its meeting last week the tumble in the oil price has generally been considered a good thing for the consumer. What no-one has concentrated on is the fact that declining oil wealth, particularly in the cash-rich Middle East, could make banks in the UK more vulnerable should we get hit with another financial crisis.

from Breakingviews:

UK banks have much to fear from latest probe

July 18, 2014

By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

In the Netherlands, bankers turn to God — by law

By Peter Gumbel
February 12, 2014

 

Lloyd Blankfein, the chief executive officer of Goldman Sachs, once famously said he believed banks were doing “God’s work.” Now, the Netherlands is going one step further: starting later this year, all 90,000 Dutch bankers will have to swear an oath that they’ll do their “utmost to maintain and promote confidence in the financial-services industry. So help me God.”

Do you want shares in RBS and Lloyds?

June 9, 2013

By Matt Scuffham, UK Banking Correspondent.

The government should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential political think tank says, in what would be the country’s biggest privatisation.

from The Great Debate:

How to do PR for banks

February 20, 2013

Big banks -- at least in Europe -- are putting on a new, highly branded, and more contrite face.  Barclays is embarking on something it calls “Project Transform”’; Deutsche Bank has announced its “2015+” strategy and is pushing for what its CEO has called “deliberate” “uncomfortable change”. UBS has its own 2015 strategy, and the head of its investment banking unit publicly proclaimed that the industry has become “too arrogant, too self-convinced”.

Hypocrisy piled on humbug

February 6, 2012

The row over bankers‘ pay and honours has presented the depressing spectacle of British public life at its nadir, with hypocrisy piled on humbug.

Hungary: The Greece of Eastern Europe

January 9, 2012

By Kathleen Brooks. The opinions expressed are her own.

It used to be Greece that was the canary in the coal mine, these days it’s Hungary. The new year got off to a bad start for the Eastern European nation after it experienced a failed bond auction, causing its bond yields to surge.

from Breakingviews:

RBS shows watchdogs need power to stop M&A

December 12, 2011

By Peter Thal Larsen
The author is a Retuers Breakingviews columnist. The opinions expressed are his own.

Mansion House Hangover

June 16, 2011

Last night’s two big Mansion House speeches were impressive when they dealt with the macroeconomy, but depressing (if unsurprising) on the subject of reforming the banks, representing final confirmation of the gloomy conclusion of a blog I posted here in September 2009: It’s All Over – the Banks Have Won.

How will banks respond to a new world?

By Guest Contributor
June 15, 2011

-Jeremy Edwards is Head of Banking & Financial Services at Firstsource Solutions. The opinions expressed are his own.-