The Great Debate UK

Don’t cry for me RBS

June 14, 2013

“Don’t cry for me, RBS” could certainly be the lament being sung by Stephen Hester, outgoing CEO of bailed out Royal Bank of Scotland, after the shock announcement that he will have left the bank by the end of this year. CEOs of banks come and go; however, the government stake in RBS makes this CEO particularly important.
There are two things that make Hester’s departure fascinating: firstly, the fact that the RBS board along with the Treasury have concentrated on how a new leader is needed to privatise the bank. Secondly, the fact that Hester doesn’t seem to want to go.

from Breakingviews:

“Too big to fail” will get partial cure in 2011

December 23, 2010

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

from Breakingviews:

Are some U.S. banks “too clubby to fail?”

April 13, 2010

Can a bank be "too clubby to fail?" Former Washington Mutual boss Kerry Killinger thinks so -- and reckons WaMu's outsider status explains why it wasn't bailed out in September 2008. The circumstances of the West Coast lender's demise do raise legitimate questions. But if anything, WaMu was more sacrificial lamb than outcast.

Banks too big to fail, but not too big to change

By Chris Morling
February 15, 2010

Chris Morling, MD money.co.uk- Chris Morling is managing director of money.co.uk. The opinions expressed are his own. -

When firms “Too Big to Fail” fall

November 5, 2009

Amid the turmoil of the 2008 financial crisis a myriad of events unfolded that the general public knew nothing about, writes New York Times reporter Andrew Ross Sorkin in a new book titled “Too Big to Fail.”

from The Great Debate:

UK takes right step on too-big banks

November 3, 2009

jamessaft1.jpg(James Saft is a Reuters columnist. The opinions expressed are his own)

So it can be done after all.

Britain is poised to take tough steps to break up the large banks it rescued, setting it in stark contrast to the United States, which seems set on a policy of shoring up the unfair advantages it grants its too-big-to-fail banks while regulating around the edges.