Now where was I.
Bullionvault.com is the new retail haven of safety ….RBS should have gone the way of Lehman …EU Directive is pants and whoops of whooping are heard all over Mayfair …Hedgies are on the streets fighting over Lehman cash …
Income and Pricing policies were big in the 1970s but soon abandoned because controlling wages doesn’t work.
The ultimate problem is the banks are too big. They need to be broken up and regulated pre Clinton.
It is very obvious.
cityam says ” No to Tobin “
times says ” I’m doing ‘God’s work’. Meet Mr Goldman Sachs “
BAD CREDIT CARD DEBTS ‘WILL SOAR’
“Bad debts in the sector have reached historic highs,” according to PricewaterhouseCoopers. The figure stands at about 6% now.
This is despite the fact that there has been a “cooling passion” for credit cards, with borrowing down 3% to £64bn.
Low rates mean this isn’t going to be a big problem. I thought it would be; it isn’t.
CITI SAID TO EYE RELAUNCH OF HEDGE FUND UNIT
The move comes after two years of performance problems and investor unrest at the unit, Citi Alternative Investments. Now, it seems, the only problem facing Citigroup executives is what to name the unit, which has $14 billion of assets under management.
Pandit only knows hedge funds. Makes sense.