Send in questions for city minister Paul Myners

December 14, 2009

BRITAIN-MYNERS/

City Minister Paul Myners is among a handful of people with first-hand experience managing the financial crisis over the past year.

What do you think of the bank charges ruling?

November 25, 2009

courtBanks have won a two-year court battle, dealing a major blow to hundreds of thousands of customers seeking to claim back billions of pounds of what they say are unfair overdraft charges.

Too big to fail? Guerrilla central banking and the last resort

November 25, 2009

ukreuterscomDeciding it was safe to come clean because banks are now on a more even keel and the worst of the credit crisis is behind us, the Bank of England has told the nation that at the height of the turmoil it secretly lent Royal Bank of Scotland and HBOS a colossal £62 billion, which is more than the entire British defence budget.

from The Great Debate UK:

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 MacroScope:

“Normal” bank lending is no longer realistic

October 14, 2009

MacroScope is pleased to post the following from guest blogger James Carrick.  Carrick is economist at UK fund firm Legal & General Investment Management. He says here old patterns of lending are unlikely to return and that this means slow growth in developed countries.

Banks score own goal with bonus culture defence

August 4, 2009

In the blink of an eye it look as if the City is “booming” again after Barclays and HSBC announced buoyant investment banking earnings on Monday.

from MacroScope:

Show us the money

April 17, 2009

It says something about the current world that a new economic indicator is about to be unleashed by the Bank of England and it basically tells you whether banks have been doing what they are supposed to do -- lend.

Late payments send small businesses to the wall

March 20, 2009

By clamping down on credit, Britain’s newly cautious banks are making collapse almost inevitable for many small to medium enterprise (SMEs) who need a financial cushion now, more than ever, as suppliers and customers struggle to pay bills as the economic downturn bites.

Can MV=PT solve credit crisis for BoE?

March 5, 2009

Britain could begin a telling exercise in classical monetary theory on Thursday as the central bank gets set to test a newly minted policy of “quantitative easing”.

Playing the blame game

March 4, 2009

President Barack Obama had barely settled into in the White House before he was happy to admit he had “screwed up” over one of his choices for a cabinet job after Tom Daschle withdraw his nomination as health secretary over an income tax controversy.