Cyrus Moore

Blog Entries by Cyrus Moore

Capping Banker Bonuses Misses the Point

(1) Comments | Posted 5 March 2013 | (17:00)

Brussels is wrong to cap bankers' bonuses, just as it was wrong to propose a financial transactions tax a few months ago. Its thinking, however, is along the right lines; having failed to manage their businesses responsibly, bankers need to be kept on a tight leash.

Under the current...

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UBS Trading Scandal - Right Verdict; Wrong Man

(4) Comments | Posted 22 November 2012 | (11:20)

The blame for Britain's biggest ever banking fraud has been pinned squarely on the shoulders of a one man. Meanwhile UBS, the Swiss bank that uncovered trading losses of US$2.3bn and veered close to bankruptcy as a result, has been painted the victim. But whilst Kweku Adoboli, the...

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Honour Amongst Bankers

(6) Comments | Posted 11 July 2012 | (18:12)

Appointing a trader to run Barclays, one of Britain's finest retail banking names, was a big mistake. Almost as big a mistake as appointing Andy Hornby, an ex-supermarket boss, to run HBOS. Neither had the right skills for the role of chief custodian for our deposits: one was too willing...

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