Archive for financial crisis

IMF puts UK banking bailouts at £1227bn

The amount of support handed to the financial sector by the taxpayer and the Bank of England is more than for any other major economy.

Temasek chief reveals £17bn toll of financial crisis

Temasek the Singaporean sovereign wealth fund that made an estimated £800m loss on its shortlived investment in Barclays has revealed that the value of its portfolio slumped by at least £16.9bn during the worst of the financial crisis.

Sir James Sassoon: why I told the Tories to scrap the FSA

The author of the Conservatives’ blueprint for a shakeup of the financial system is interested in more than scoring political points.

Lord Sharman peers into the future of finance

Aviva chairman expects another round of insurance industry consolidation.

Britain’s ‘gunboat’ diplomacy still angers Iceland

Britain’s application of antiterrorism laws over failed banks has created lasting resentment in Iceland.

Ben Bernanke to set out Federal Reserve’s vision for US economy

The chairman of the Federal Reserve set to deliver semiannual testimony on the economic outlook.

Banks paid £11.5m fees by state

Investment banks have raked in £11.5m in fees from the Government as its works to stabilise financial system.

Walker’s pay proposals don’t hit mark

Bankers’ skewed incentive structures helped precipitate the financial crisis. But the latest proposals for reforming pay in the City of London from the governmentappointed Walker Review don’t hit the mark.

Lord Davies says banks must wake up to financial reform

Former bank chief – now trade minister – calls on G20 nations to build a new global financial architecture.

Finance white paper: Financial education

The Government aims to better educate the public about personal finance as a result of the credit crisis.

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