Banks
New current account battle set to erupt if Post Office gets it right
The Post Office is launching a current account in the Spring. It could be a massive challenge to the banks.
By Simon Read | The Money Blog | Thursday, 11 April 2013 at 8:00 am
Cyprus? There but for the grace of God goes Britain
Cyrpus’ banking sector is grossly inflated with assets and liabilities at around €126bn, or 700% of the island’s GDP. Yet our own banking sector still has assets and liabilities equal to 450% of our GDP.
By Ben Chu | Eagle Eye, Econoblog | Monday, 18 March 2013 at 12:16 pm
Banks must be forced to serve customers, not just make massive profits from them
Do you trust banks? People are more likely to feel ashamed or angry
By Simon Read | The Money Blog | Monday, 11 March 2013 at 11:59 am
Why Tech City might help finance re-discover how to innovate
The news that Eric Van Der Kleij, the outgoing chief executive of the Tech City Investment Organisation (TCIO), has taken up a new role as an advisor to Canary Wharf Group could have massive repercussions for the financial sector in London.
By Jannick Malling | Econoblog, Notebook | Monday, 30 July 2012 at 4:32 pm
How did a largely respectable industry go so wrong so quickly?
It’s usually foolish to look back into the past in the hope of finding some sort of mythical, halcyon “good old days”. They usually weren’t.
By James Moore | Eagle Eye, Econoblog | Thursday, 26 July 2012 at 5:22 pm
Britain and banking: Back to the 1830s
Unparalleled levels of imprudent lending; corrupt banking practices; soaring inflation and rising unemployment; government bank bailouts and an economy dependent on increasing levels of debt to sustain growth. Sound familiar? It would have done to Briton’s in the 1830s.
By Lee Williams | Econoblog, Notebook, Opinion | Thursday, 12 July 2012 at 9:58 am
The zombie argument of the bank split sceptics
Their objection is based on a fundamental misapprehension of what took place in 2008. This was not a case of a few badly-run banks failing. Rather the entire UK banking sector failed. It was a systemic collapse.
By Ben Chu | Eagle Eye, Econoblog | Wednesday, 4 July 2012 at 2:05 pm
Politicians of the ‘centre ground’ have led us to the brink of catastrophe
The era of moderate politicians is at an end. Right across Europe many people who grew up on a diet of consumerism and political cynicism are beginning to shake-off apathy and re-engage. As a consequence, from the Élysée Palace to the so-called “cradle of democracy”, the people of Europe are starting to rediscover the radical possibilities of the ballot box.
By James Bloodworth | Notebook, Opinion | Tuesday, 12 June 2012 at 3:00 am
Is the eurozone killing the UK recovery?
The Coalition might argue that our exporters would have made even more of a contribution if the Europeans had sorted things out. But on the Office for Budget Responsibility’s forecasts, trade has actually come in better than expected.
By Ben Chu | Eagle Eye, Econoblog | Monday, 11 June 2012 at 1:10 pm
It was British banks, not British borrowers, that crashed our economy
Be wary of those who confidently assert that our present economic malaise is a consequence of high household debt levels. And certainly don’t accept for a moment the argument that British banks fell over because they lent too much to us.
By Ben Chu | Eagle Eye, Econoblog | Friday, 4 May 2012 at 12:28 pm
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