Tuesday, July 13th, 2010
I attended a briefing this morning convened by the International Capital Market Association (ICMA) to unveil their grandly titled Whitepaper on the operation of the European repo market, the role of short selling, the problem of settlement failures and the need for reform of the market infrastructure. Governed by Godfried De Vidts, chair ...
Posted in Regulation, post-crunch reform | No Comments »
Friday, August 7th, 2009
The Royal Bank of Scotland Group reported a pre-tax profit of £15m today for the first six months of the year, but this was transformed into a £1 bn loss after paying tax and dividends to the UK government, which owns 70 per cent of the group following its rescue ...
Posted in General, Regulation, bank results | No Comments »
Monday, August 3rd, 2009
All the talk of a return of investment banking profits and, controversially, bonuses for traders and staff, was further supported this morning when Barclays announced that its pre-tax profits for the first half of 2009 rose 8% to £2.98 billion, versus the same period last year. The investment banking arm, ...
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Monday, July 20th, 2009
The recent second quarter results of Goldman Sachs, which made a net profit of $3.44 billion (£2.1bn) in April to June this year, suggests that the investment banking model so notoriously broken last year during the credit crunch when wild speculation and risk-packed exotic investments came back to bite the ...
Posted in Uncategorized | 1 Comment »
