Finance Links

Want to ensure that your bank is well-managed? Then appoint a cynical Scotsman to its audit committee.

Such was the advice proffered, in apparent seriousness, by the UK’s…

The ABCP Matterhorn is getting taller.

Or, developing a gorge on its right-hand side.

Spotted by Alea – an update on the amount of asset-backed commercial paper outstanding:…

Bank lending to British businesses fell at the fastest annual rate in a decade
after a £6.5bn drop in January, the Bank of England said.

More bad news for Anglo Irish Bank, via Reuters on Thursday:

Irish police have arrested Sean FitzPatrick, the former chairman of Anglo Irish Bank, as part of a fraud investigation…

File under Good intentions –> Unintended consequences –> FDIC.

The Federal Depositi Insurance Corporation, the body charged with insuring US bank deposits, has…

The ABCP Matterhorn? Der Asset-Alps? Das Bank-Massiv?

Below is the net foreign asset position of banks in Germany, France, Italy and Spain.

The chart uses BIS data and was created…

The ABCP Matterhorn? Der Asset-Alps? Das Bank-Massiv?

Below is the net foreign asset position of banks in Germany, France, Italy and Spain.

The chart uses BIS data and was created…

The ABCP Matterhorn? Der Asset-Alps? Das Bank-Massiv?

Below is the net foreign asset position of banks in Germany, France, Italy and Spain.

The chart uses BIS data and was created…

Europe faces a commercial property debt timebomb with almost €1 trillion
(£896bn) outstanding from the sector and a quarter of that potentially
distressed.

Britain’s manufacturing skills gap could be improved if the City stopped
poaching the brightest engineering and science graduates, according to BAE
Systems’ chairman.