Bob diamond
Split up the banks – and do it properly
The onus must now fall on those who want to maintain the manifestly dangerous status quo, not the advocates of reform, to justify their position.
By Ben Chu | Eagle Eye, Econoblog | Wednesday, 4 July 2012 at 1:30 pm
Anderson Cooper, Bob Diamond, Bates Motel, #ToMyFutureKids: Why are they trending?
A look at the trending topics on social networking sites and search engines today, to see what we’re interested in, and why.
By Ellen E Jones | Notebook | Tuesday, 3 July 2012 at 10:50 am
Stiglitz: the full transcript
There’s some interesting stuff in there. Joseph Stiglitz says that the Vickers reforms to ringfence retail banking pobably don’t go far enough. He proposes a theory on why Germany practices left-wing economics at home but right-wing economics abroad (there’s a soldiarity gulf). He also explains why China can combine high growth with high inequality.
By Ben Chu | Eagle Eye, Econoblog | Monday, 2 July 2012 at 11:54 am
The Stone Roses, Bob Diamond, David Beckham and #ICan’tDateYou: Why are they trending?
A look at the trending topics on social networking sites and search engines today, to see what we’re interested in, and why.
By Ellen E Jones | Notebook | Friday, 29 June 2012 at 10:37 am
Barclays: What’s a little interest rate change between friends and a bottle of bolly?
Let me get this straight. Traders at Barclays bank actively manipulated one of the world’s most important interest rates, which affects the mortgage rate millions of people pay on their homes? They did this secretly and deliberately in order to increase their profits? They did this as favours to each other, and promised each other bottles of Bolly in return? They did it so casually that that they said things like “low one million and three million would be nice”? They said things like “dude, I owe you big time”?
By Christina Patterson | Eagle Eye, Notebook, Opinion | Thursday, 28 June 2012 at 1:31 pm
Bankers complaining about moral hazard? Is this a joke?
What Bob Diamond and Stephen Hester failed to mention was that their giant mega banks are already guaranteed by the government because they are too big to fail.
Shareholders shafted by bankers
If you’d invested £100 in HSBC in 2006 you would have, roughly, a £90 return now. Barclays, on this timeframe, would have given you around £63. £100 in Lloyds would have given you a measly £25. And £100 in RBS would have given you a pathetic £12. Meanwhile, £100 invested in an FTSE all share tracker would have given you a positive return of about £105.
The folly of paying bankers in shares
Paying bonuses in shares does not automatically align the interests of bankers with shareholders. And the new safeguards are probably too weak to make any substantive difference to bankers’ behaviour.
By Ben Chu | Eagle Eye | Friday, 25 February 2011 at 3:16 pm
Taxing the banks
George Osborne has got his retaliation for the bankers’ £6bn bonus spree in early – before most of them have been paid out.
By Sean O'Grady | Econoblog | Tuesday, 8 February 2011 at 10:40 am
The Diamond loses its sparkle
Diamond also kept stating that Barclays was a well managed bank that came through the crisis in good shape. This is a myth. Barclays had made $22.9bn in write downs by the first quarter of 2010.
By Ben Chu | Eagle Eye | Tuesday, 11 January 2011 at 1:59 pm
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