Narrow Banking
In 2008, the British government, like the governments of other western countries, was faced with the alternatives of watching economic ...
Reforming the financial sector
The present crisis is not an act of God, unpredictable to and unpredicted by ordinary mortals. It was not caused by loose monetar...
Kudos for the contrarian
This is the time when pundits make predictions about what will happen in 2009 - after a year of shocking and unanticipated economic eve...
The titans’ inability to apologise for this sorry mess
I have been listening to supermum Nicola Horlick on the Today programme. She was discussing the investments made by the company s...
Some companies are too powerful to fail
Great banks are ‘too big to fail’. The predictable consequence of governments accepting this argument is a queue of other compani...
The east’s innovators are no threat to the west
Innovation is a word like democracy. Everyone is in favour of it, but different people attach different meanings to the same word...
A passive approach to bank states is inadequate
Governments of the world are becoming major shareholders in their financial institutions. The British government owns two mortgag...
Obama is right to put pragmatism at the core of politics
Barack Obama faces the dilemma that has confronted all politicians of the centre left since the demise of socialism: to articulate a ne...
Equitable Life’s lessons for the bank crisis
The failure of Equitable Life, a sad story which resurfaced last week, seems barely significant in the context of the international ban...
Could Napoleon have copied in a credit crunch?
John Sculley was chief executive of Apple from 1983 – 1993. He gave an extended account of his experiences and achievements to Fo...