Month: June 2013

A fig leaf which ought to fall

I’ve had my share of rejections in my career, but there are a handful of jobs I’ve applied for just to see what the rejection letter looked like. One of them was in answer to an ad for non-executive directors of UK Financial Investments.

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Lack of competition is the real issue, not early privatisation

Sacking Stephen Hester to facilitate an early privatisation of Royal Bank of Scotland Group has stirred a new media storm but how long will it last? It deserves more than superficial attention. This is a short-sighted political fix which will do the economy and the taxpayer no favours. 

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Wanted: an Act of God

According to the FT the Parliamentary Commission on Banking Standards will this week recommend that bankers’ bonuses be withheld for as long as ten years as a way of making them live with the consequences of their actions. That would be tackling the problem from the wrong end.

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Was HBOS an ethical bank?

On the day that Robert Peston breaks news of the Parliamentary Commission on Banking Standards draft report, I’m on my way to speak to an interesting group of bankers in Dublin. Questions sent in advance may whet the appetite for tonight’s dinner.

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