Central banks from the worlds largest economies have agreed on a set of proposals which could force large and heavily interconnected banks to set aside even more capital. Proposals from the Group of Governors and Heads of Supervision hope the … Continue reading
Category Archives: banks
Why the #Occupy movement should occupy the minds of politicians
There’s a key barometer of income disparity, which some might describe as a measure of fairness. It’s called the Gini Co-efficient and the higher the number the more unequal the distribution of wealth in that country. The so-called Anglo Saxon … Continue reading
Posted in banks, economy, international
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How Ireland’s addiction to property brought it to its economic knees
Here’s my very personal thoughts on my homeland for the From Our Own Correspondent show which went out today on the BBC World Service http://www.bbc.co.uk/iplayer/episode/p00fvjnx/From_Our_Own_Correspondent_From_Our_Own_Correspondent/ Ireland has a problem with property. Possibly it’s due to its troubled history with its … Continue reading
Posted in banks, Business News, economy, international
Tagged banks, bbc world service, ireland's economy, Irish, property
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Nationalised Irish banks wont end the horse trading with EU
Tomorrow will more than likely see the last remaining vestiges of an independent Irish banking sector stripped away. The latest and this time proper stress tests carried out under the auspices of Blackrock Consulting will expose the fact that the … Continue reading
Posted in banks, Business News, economy, international
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Peaceful protest, sedate sit-ins and angry anarchy on the streets of London
The main — and by far the biggest — organisation involved in yesterday’s protest was the TUC. It organised the rally in Hyde Park which attracted more than a quarter of a million demonstrators — as individuals or groups. Its … Continue reading
Posted in banks, economy
Tagged anarchists, oxford street, protest, retailers, tuc, ukuncut
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HSBC to leave London? Not yet though UK bank levy means they’ve dusted down some suitcases
As you can see from the official quote below, no decision has been taken yet and most of the advantages remain for staying in London – even though only 10% of HSBC’s turnover comes from the UK. A decision … Continue reading
Posted in banks, Business News, economy, international
Tagged assets, bank levy, hsbc, treasury
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Asset freezing can be quite chilling for banks
It is not unprecedented for the assets of a ruling family to be frozen by UK authorities while they are still in power. The ruling junta in Burma, Saddam Hussein and President Milosevic of Serbia have all endured (or continue … Continue reading
Posted in banks, Business News, economy, international
Tagged assets, banks, fsa, HMtreasury, Libya, un
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Asset freezing is not new but can be Chilling for banks
It is not unprecedented for the assets of a ruling family to be frozen by UK authorities while they are still in power. The ruling junta in Burma, Saddam Hussein and President Milosevic of Serbia have all endured (or continue … Continue reading
Posted in banks, Business News, economy, international
Tagged assets, banks, bba, burma, fco, fsa, Libya, treasury
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UK freezes assets of Libyan leader’s family
The Government has today taken action to freeze the assets of Colonel Muammar Abu Minyar al-Qadhafi, members of his family and those acting on their behalf or at their direction. The individuals subject to an asset freeze are: Colonel Muammar … Continue reading
Irish debt mgt office in Libyan talks
In response to the Sunday Times piece i’ve established that the Irish equivalent of the Debt Management Office – the NTMA – did indeed meet Libyan authorities last December but that it was at the request of the Sovereign Wealth … Continue reading
Posted in banks, Business News, economy
Tagged bahrain, bailout, bbc, irish banks, irish ireland, joe lynam, Libya, NAMA, NTMA, qatar, sovereign wealth funds, Sunday Times
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