John Vickers, Chairman of the Independent Banking Commission gave a half-time report on Saturday 22nd January. Overall it’s not very …
In the News
Robert Peston Discovers the Root of the Problem
On Tuesday evening, a major step forward was made. Robert Peston, the famous BBC presenter on everything to do with finance, actually used …
No solutions on BBC2: Are Britain's banks too big to save?
(Guest Post by Richard Boulton) "Are Britain's banks too big to save?" was the question Robert Peston set himself in his investigation last …
It's Bonus Time!
It's bonus time in the City again this year, the Champagne bars will be pleased. But what about the rest of us? LLoyds TSB, 41% owned by …
Prospects for 2011
Let's get the bad news out of the way first. (Don't worry - there's good news to follow!). The Bad News We're about to start feeling the …
£6bn from you, £7bn for me
Interesting snippets of information have come to light in the previous few days. Banks are charging the highest ever rates for overdrafts …
Giant Vampire Squid On the Loose…
The New Economics Foundation are calling on the government to tame the Giant Vampire Squid that the banking sector has become. The following …
Ireland, Welcome to the Death Spiral
(George Osborne Take Heed) Ireland may now be in the 'death spiral' that is a natural end result of fractional reserve banking. Here's the …
Martin Wolf: Money out of Nothing
A couple of weeks ago, I took issue with Martin Wolf's claim in the Financial Times that fractional reserve banking is a product of market …