By J T Coombes www.globalmagnacarta.com @GMagnaCarta Many years ago I had a bank manager as a next door neighbour. He was a lovely man, a bit like Captain Mainwaring in Dad’s Army, who cared about people but without the pomposity. After he retired we began to see the ...
By Valentina Magri It was mid-September when the two major economic events that have irreparably changed our lives occurred: the Northern Rock bank run in the UK (13th September 2007) and Chapter 11 for Lehman Brothers in the US (15th September 2008). In the Eurozone today Italy and France are sick and ...
Former chancellor Ken Clarke savages Kwasi Kwarteng's mini-budget as Bank of England governor Andrew Bailey steps in to help stem the financial crisis.
Divisions are emerging in the Conservatives after the Chancellor’s mini-budget prompted turmoil in the markets and talk of a financial crisis.
The cap, introduced in the wake of the 2008 financial crisis, limits annual pay-outs to twice a banker’s salary.
He was asked if we got through financial crisis "on the backs of state school pupil funding."
It comes after bankers last week began collecting the biggest bonuses since the 2008 global financial crisis, just as Brits face the most severe squeeze on their incomes since the early 1990s.
The Icelandic financial crisis of 2008 may, at first glance, seem just to be a footnote in the wider context of the 2007-9 global financial crisis and subsequent Great Recession, but this couldn’t be further from the truth. As revelatory new book Iceland’s Secret: The Untold Story of the World’s ...
The caps were introduced following the financial crisis when bankers received multi-million payouts despite huge losses.