British Might End Too Big To Fail Banking

By: Monday February 4, 2013 6:59 am

After a global financial crisis, an epic price fixing scandal, and embarrassing criminal conduct British regulators are considering ending Too Big To Fail Banking. British Finance Minister George Osborne has proposed legislation that if banks do not shield their riskier investment activities from day to day banking they will face restructuring. Britain is shaking up [...]

Austerity Still Taking a Bite Out of Europe

By: Wednesday December 5, 2012 8:30 am

While debating how much austerity outside of the magic no-budgetary-impact spending on the Pentagonto enact, the United States could take a lesson from, well, from the rest of the developed world. The relative lack of austerity in the US compared to Britain and the rest of Europe led to better economic performance (and it’s important [...]

Royal Bank of Scotland Trader: Any Employee Could Change Libor

By: Friday August 24, 2012 6:15 am

The Royal Bank of Scotland is not having a good week. Earlier in the week they became the latest to be subject to investigation on the grounds of money laundering. Now they are embroiled in the Libor scandal, with one trader claiming that anyone at RBS had the opportunity to rig the benchmark interest rate: [...]

Economists Abandon George Osborne As UK Continues Austerity Policies

By: Thursday August 16, 2012 12:19 pm

Before long, we’ll have Europe in the news again, as soon as everyone comes back from vacation (Hey America, remember vacation?). Greece, which is destined to be the first member state to exit the euro, requested a two-year extension of their austerity program, which would allow the government to temper it somewhat and get in [...]

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