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Journos Doing The Work Of Regulators Again In Goldman Sachs “Huddles” Case

Sometimes you wonder if financial regulators can only spot wrong-doing when it gets chucked onto their desk in a folder marked “WRONG-DOING”. First there was…

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Posted by Ben Beaumont-Thomas in Hot Money | August 27, 2009 11:00AM | 1 Comment »


Sarkozy Goes Where The FSA Fears To Tread

Sarkozy Goes Where The FSA Fears To Tread

While executive pay has taken a rather misleading headline billing in the popular imagination as to why the recession happened, its nevertheless potentially damaging to…

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Posted by Ben Beaumont-Thomas in Hot Money | August 26, 2009 11:47AM | No Comments »


Bernanke Stays As Fed Chief, Obama Lie-In Cancelled

Bernanke Stays As Fed Chief, Obama Lie-In Cancelled

Ben Bernanke is getting four more years at the head of the Federal Reserve, the US equivalent of the Bank of England –…

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Posted by Ben Beaumont-Thomas in Hot Money | August 25, 2009 12:27PM | No Comments »


Madoff Dynamite In Sack Despite ADHD, Small Penis

Bloomberg’s headline writers have a puckish humour that sits sweetly out of place with its dry, numbers-changing-on-screen image, and “Madoff Lover Stuck With

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Posted by Ben Beaumont-Thomas in Hot Money | August 19, 2009 11:27AM | 6 Comments »


BarCap Bonus Offer Shows That FSA Needs To Start Making Changes, Fast

BarCap Bonus Offer Shows That FSA Needs To Start Making Changes, Fast

See, this is what we were talking about when we said the FSA had lost its balls. Just after the supposed financial services…

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Posted by Ben Beaumont-Thomas in Hot Money | August 17, 2009 11:21AM | 2 Comments »


UBS And US Sort Of Wrap Up Their Tax Beef

UBS And US Sort Of Wrap Up Their Tax Beef

The dispute between UBS and the American tax man, where the US wanted names of account holders it said were avoiding paying tax and UBS…

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Posted by Ben Beaumont-Thomas in Hot Money | August 13, 2009 11:31AM | 3 Comments »


FSA Pay Code Is More Submissive Than A Prison Wife

FSA Pay Code Is More Submissive Than A Prison Wife

Remuneration is one of the most viciously debated issues during the banking crisis – tabloids screaming for an end to those generically-labelled “banker bonuses”, the…

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Posted by Ben Beaumont-Thomas in Hot Money | August 12, 2009 2:30PM | No Comments »


Arc Of Insolvency Stays Strong As Iceland And Ireland Try To Sort Their Banks Out

Arc Of Insolvency Stays Strong As Iceland And Ireland Try To Sort Their Banks Out

Back last autumn when the financial crisis really kicked into gear, Iceland lost its national pride in the space of a couple of weeks, when…

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Posted by Ben Beaumont-Thomas in Hot Money | August 11, 2009 11:37AM | No Comments »


Lloyds Potential Rights Issue Gets Thumbs Down From Shareholders, While Share Price Falls

Fraud Watch: Chinese Fugitives, $1000 Cognac, And Ruth The Robot

Fraud Watch: Chinese Fugitives, $1000 Cognac, And Ruth The Robot

After the slew of high-profile fraud cases that came to light as the recession deepened, things have settled down somewhat – fraud fans like us…

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Posted by Ben Beaumont-Thomas in Hot Money | August 6, 2009 12:03PM | 1 Comment »


Bank Results: BarCap Saves Barclays, HSBC Calls Bottom, UBS Slightly Less Bad, Rock Down Til 2010

Bank Results: BarCap Saves Barclays, HSBC Calls Bottom, UBS Slightly Less Bad, Rock Down Til 2010

UBS keeps on getting sucked down into the gaping maw of failure, with news today that its net losses for the last quarter

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Posted by Ben Beaumont-Thomas in Hot Money | August 4, 2009 1:48PM | No Comments »


Andrew Hall Trying To Manoeuvre Phibro Away From Citigroup

Last week we looked at Andrew Hall, the guy who made Citigroup a lot of money heading up the oil futures trading arm…

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Posted by Ben Beaumont-Thomas in Hot Money | August 3, 2009 1:31PM | 2 Comments »