This must-watch film documents how Britain evolved from a colonial power into a global financial power, capturing wealth from across the globe and hiding it behind obscure financial structures in a vast web of offshore islands… Read More The Spider’s Web: Britain’s Second Empire
In the feverish reshuffling of financial services for a post-Brexit world, London still comes out ahead, but less so.… Read More France Chases London’s Gold Market Amid Soft-Brexit Hopes
The outsourcing giant with 70,000 employees is “circling the drain.”… Read More Is the UK’s “Next Carillion” About to Fall?
City of London just lost a $240-billion-a-day financial market.… Read More What Would It Be Like
Italy is in meltdown, Hungary in open revolt, and the US wants a trade war. Small wonder Europe’s leaders haven’t got much time for Brits… Read More Why Brexit Is Just a Sideshow for an EU Beset by Problems on All Sides
But new high-end towers will continue to flood the market.… Read More “Posh Ghost Towers” of London: Gloom Spreads Over Housing Market as High End Freezes Up
Only one-third of Spanish companies have made Brexit contingency plans… Read More Madrid Tells Businesses to Get Ready for (any) Brexit
The power of Collateralized Loan Obligations.… Read More “Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans
The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers… Read More The Finance Curse: How the Outsized Power of the City of London Makes Britain Poorer
The disastrous ignorance about the potential impact of Brexit is obvious in almost everything anyone says about it from either side… Read More Is It Too Late to Save Brexit?
For all their concerns with rules, treaties, processes, competitiveness, freedom of movement, terrorism etc, only one prospect truly terrifies the EU’s deep establishment: democracy… Read More The Six Brexit Traps That Will Defeat Theresa May
Payment chaos. For bottom-line-obsessed bank executives, IT systems are an expense that needs to be slashed. The results are showing up… Read More Multiple Online Banking Systems Go Down in the UK