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bank reform

This tag is associated with 3 posts

Wall Street elders favour more regulation

By ⋅ 20 February, 2010 ⋅ Post a comment

The elder statesmen of the financial sector — like George Soros, Nicholas F. Brady, John S. Reed, William H. Donaldson and John C. Bogle — don’t think of themselves as angry Main Streeters. They grew quite wealthy in finance, typically making their fortunes in the ’70s and ’80s when banks and securities firms were considerably [...]

Obama’s proposed tax on big banks

By ⋅ 15 January, 2010 ⋅ Post a comment

As taxes go, the Obama levy on US-based banks is rather a good one. Certainly better than the UK tax on bonuses. It seems entirely fair that banks should pay the US taxpayers’ bill for bailing out the financial system. This support not only saved the banks but is now ensuring that many are making [...]

Challenge bank chief executives

By ⋅ 26 November, 2009 ⋅ Post a comment

Powerful chief executives who are left unchallenged are a major source of risk and should be removed, says the Walker Report Just as Royal Bank of Scotland was hitting the rocks last year, the bank’s then chairman, Sir Tom McKillop, angrily insisted there were “no patsies” on the board. Certainly, high-profile names such as Peter [...]

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