RBS, poster boy of the financial crisis and 70% owned by the government, is finding that despite being in a much smaller banking sector, no…
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Posted by Ben Beaumont-Thomas in Hot Money | November 2, 2009 12:34PM | No Comments »
Previous news of mid-recession banker bonuses was met with house-vandalising, incoherent street marching outrage and shock, presumably because most people hadn’t realised just how much…
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Posted by Ben Beaumont-Thomas in Hot Money | October 27, 2009 1:09PM | No Comments »
The financial services industry is like a nervous lover – if you pump it full of praise and confidence, it perks up and performs, but…
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Posted by Ben Beaumont-Thomas in Hot Money | September 16, 2009 2:38PM | 1 Comment »
Lloyds’ shares are falling this morning after news of a possible rights issue broke yesterday in the Sunday Times, bringing to…
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Posted by Ben Beaumont-Thomas in Hot Money | August 10, 2009 11:33AM | 2 Comments »
UKFI stands for UK Financial Investments, and it’s effectively a 9-person fund management company shacked up in the Treasury. After the government took out stakes…
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Posted by Ben Beaumont-Thomas in Hot Money | July 14, 2009 11:44AM | No Comments »
For about a week last autumn, when the banks started getting bailed out, it looked like full-on nationalisation might actually happen. In the U.S., you…
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Posted by Ben Beaumont-Thomas in Hot Money | June 9, 2009 12:42PM | 3 Comments »
Andy Hornby, the boyish ex-chief exec of HBOS who has the air of a man who never quite got over a toilet-based bullying incident in…
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Posted by Ben Beaumont-Thomas in Hot Money | June 8, 2009 10:41AM | No Comments »
For a departing chairman, like Victor Blank who left Lloyds at the weekend, there can be no more depressing sign than your former company’s share…
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Posted by Ben Beaumont-Thomas in Hot Money | May 19, 2009 11:52AM | 1 Comment »
Barclays are once again putting up a good fight against the tentacles of part-nationalisation. Previously we saw how they used the diplomatic dream team of…
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Posted by Ben Beaumont-Thomas in Hot Money | March 17, 2009 12:11PM | No Comments »
Investors in Lloyds have been waiting all weekend to voice their dissatisfaction with the bank’s government bailout, and they duly sent the share price sharply…
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Posted by Ben Beaumont-Thomas in Hot Money | March 9, 2009 12:50PM | No Comments »