Global Financial Crisis

Bankers Are Criminals? Yes, Says Conservative MP Steve Baker

Colleen Becker | Posted 07.04.2014 | UK Politics
Colleen Becker

Q. What is your position on the criminalization of bankers in the wake of the global financial crisis? A. Things which were crimes at the time should be prosecuted as such...

The Banks Are Admitting Guilt, So Why Is No One Jumping for Joy?

Harry Cooper | Posted 23.01.2014 | UK Politics
Harry Cooper

The banks have admitted guilt and they are paying us back for all the dodgy deals they got into! Well, not really. Banks are, in effect, 'fessing up to having behaved fraudulently or criminally. However what 'settling' means is actually 'paying regulators to shut up and stop asking difficult questions'.

Cross-Party Economic Duplicity Carries Great Dangers

Alex Rickets | Posted 30.11.2013 | UK Politics
Alex Rickets

George Osborne's speech at the Conservative Party Conference in Manchester dealt with themes we have come to expect from him: an emphasis on fiscal discipline and assurances that he is on the side of aspirational, "hard-working" people the length of the country. There were, however, also features we haven't heard before...

The Quiet Revolution in Banking

Jodie Ginsberg | Posted 01.09.2013 | UK Lifestyle
Jodie Ginsberg

Much of the focus since the financial crisis has been on what went wrong with the system and how to fix it. But tweaks to the architecture of the current system and changing some of the people working in it are not what will bring about a revolution.

Global Forecast: Softer Recovery Prospects

Kevin Dunning | Posted 28.06.2013 | UK Politics
Kevin Dunning

Our latest global forecast for the world economy shows prospects for steady gains in global economic growth throughout 2013 fading, amid signs that the recession in the euro zone is worse than expected and that China's recovery has stumbled.

Doomsday Stagflation?

Andy Langenkamp | Posted 09.04.2013 | UK Politics
Andy Langenkamp

Doom-mongers believe politicians will choose the easy way out and put pressure on central banks to crank up the printing presses. They often point to the weakness of the international monetary system, because it is based on fiat (soft) money, which is not backed by the value from tangible materials like gold. The pessimists think a monetary system based on fiat money will rarely, if ever, exist for long because hyperinflation is inevitable.

The Lasting Legacy of the Financial Crisis

Tom Charters | Posted 20.02.2013 | UK Universities & Education
Tom Charters

It is fair to hope that this new batch of future leaders of our financial world, with their diverse schooling and multi-disciplined training, will be better equipped than their predecessors to ensure that mistakes are not repeated.

PICTURES: 'Why Did No One See It Coming?'

The Huffington Post UK | Paul Vale | Posted 14.12.2012 | UK

The queen was in her counting house on Thursday afternoon, inspecting the Bank of England’s gold, as well as posing a few financial questions to the...

UBS Trading Scandal - Right Verdict; Wrong Man

Cyrus Moore | Posted 22.01.2013 | UK
Cyrus Moore

By August 2011, the bank's risk exposure had ratcheted up to almost $12bn - enough to bankrupt it - but its back office was still blissfully unaware of its full magnitude. How can a fraud on such a scale go undetected for three years?

Our Welfare System is Doing Nothing for Social Mobility, Nothing for Growth

Tom J Wilson | Posted 25.09.2012 | UK Politics
Tom J Wilson

The architect of Britain's modern welfare system, Ernst Bevin, once remarked in an interview that not only did he dislike the phrase but that in fact he believed in no such thing as a welfare state. For the sick and the elderly full provision must be made but of the unemployed Bevin argued that only the bare minimum to 'keep body and soul together' should be provided.

We'd All Be Better Off Without the City

M.R. Hall | Posted 01.09.2012 | UK Politics
M.R. Hall

If something looks too good to be true, it is. If someone tells you they can conjure money from thin air, they're lying. The City of London has been both too good to be true and seemingly magically producing money for several decades, and following the latest round of revelations about bankers' slavering greed, the game, I hope, is about to be up.

Introducing The 'Libor'

The Huffington Post UK | Paul Vale | Posted 29.06.2012 | UK

Since the start of the global financial crisis, we’ve all had to tighten our belts… but, more importantly, expand our vocabulary. Who’d ever...

Get Nothin' on Your Money and Your Cheques With Fees

Christian Faes | Posted 08.07.2012 | UK
Christian Faes

This was the heading of a recent Citi research report in the US, on the investment prospects of various regional banks. The title being an obvious play on the words from the infamous Dire Straits song 'Money for Nothing'. The broader subtext being that the banking system is broken.

Are We All Out of Touch?

Richard Pass | Posted 04.06.2012 | UK Politics
Richard Pass

If the West-Bradford by-election in which the dictator loving George Galloway was elected is anything to go by, it would seem that yet again, as expec...

What is Political Economy of Global Finance?

Sion Owen | Posted 08.02.2012 | UK Politics
Sion Owen

The financial crisis shows that politics and finance are connected and 'political economy' (PE) is back in focus, providing a framework for viewing finance from a political perspective. The problem is the term is hard to define as academics have used it in a variety of ways.

Is Europe Sliding Towards Financial Disaster?

Satyajit Das | Posted 27.01.2012 | UK
Satyajit Das

Whilst amusing, the theatre of Greek and Italian politics is irrelevant to financial disaster which now looms for Europe.

Europe's Blame Game

George Chondrakis | Posted 16.01.2012 | UK Politics
George Chondrakis

These are sad times for Europe. Three countries, Greece, Portugal and Ireland, are now dependent on external financing in order to repay their debt liabilities while Spain and Italy are widely muted to follow suit. Together they constitute more than 25% of the EU's GDP. The stakes are high.

The Global Economy Approaches "Stall Speed"

Satyajit Das | Posted 11.12.2011 | UK
Satyajit Das

In 2008, panicked governments and central banks injected massive amounts of money into the economy, in the form of government spending, tax concessions, ultra low interest rates and "non-conventional" monetary strategies - code for printing money.

Greek Debt Crisis and 'Great' Expectations

George Chondrakis | Posted 25.11.2011 | UK Politics
George Chondrakis

The economic paralysis of the Eurozone is not only threatening the currency union but also the very foundations of European unity.

Foreign Policy: Life After Debt

www.foreignpolicy.com | Posted 24.10.2011 | UK Politics

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FTSE Falls Again As ECB Economist Comes Out Against Eurobonds

The Huffington Post UK | Chris Wimpress | Posted 19.10.2011 | UK

The FTSE has slipped below the 5000 mark once again as investors talk of a growing crisis of confidence in the world economy and fears for another sig...

Asian Stocks Drop After Bleak Day In London And New York

www.businessweek.com | Posted 18.10.2011 | UK

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RBS Loses Nearly £800m In First Half Of This Year

PA | Posted 04.10.2011 | UK Politics

PRESS ASSOCIATION -- Part-nationalised Royal Bank of Scotland has swung to a half-year loss as it took a £733 million hit on its exposure to Greece's...

President Obama Speaks Out On US Debt Crisis

Huffington Post UK | Posted 28.09.2011 | UK

US President Barack Obama has urged Democrats and Republicans to work together to find a solution to the debt ceiling crisis. "What's clear now is ...

Republicans Scramble To Rewrite Debt Plan Following Figures Bungle

Guardian | Posted 26.09.2011 | UK

The Republican Party has had to re-write its plans to lift the US debt ceiling after miscalculating the spending cuts included in their proposal by al...