Brinkmanship, Greek style

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Ah, George Papandreou: FT Alphaville is starting to see method to your madness.

Greece’s prime minister continued his formidable run of attention-grabbing statements on…



Lord Myners believes in dour Scotsmen

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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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…



Greenspan says, je regrette quelque chose

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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The Crisis, by Alan Greenspan.

It sounds like an airport novel. But the 66-page paper is the closest we’ve ever gotten to a mea culpa from the former Fed chief, who chaired…



Back in the black at Lloyds

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Shareholders in Lloyds Banking Group received a positive surprise on Friday morning.

The partly state-owned bank a released a statement guiding that it will be profitable at…



Further reading

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Elsewhere on Friday,

- When emerging markets emerge.

- Tinker, tailor, soldier, hedge fund manager.

- Avoid Irish banking’s example, America.

- More on how to shut banks down properly….



Thiam shies from SocGen board offer

Filed Under (Finance News - Crawled Results) by User RSS submission on 19-03-2010

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Tidjane Thiam, chief executive of Prudential of the UK, knocked back an offer to join Société Générale’s board after investors were astonished that he could consider such…



JPMorgan loses dispute over advisory fees

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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JPMorgan Chase suffered a blow on Thursday from an Australian court ruling that could affect the amount investment banks charge clients involved in takeover bids, the FT said….



Thiam retreats on SocGen board seat offer

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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Tidjane Thiam, chief executive of Prudential of the UK, knocked back an offer to join Société Générale’s board after investors were astonished that he could consider such…



Police arrest Anglo Irish Bank’s former chairman, Reuters says

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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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…



FT Alphaville’s Greekbailout-o-meter says…

Filed Under (Finance News - Crawled Results) by User RSS submission on 18-03-2010

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Ah-ugh! (click for sound effect.)

An unnerving glitch appears to have sprung up in FT Alphaville’s newly-launched Greekbailout-0-meter.

Thursday’s reading below read…