Daily Archives: October 21, 2009

From the FT:
King calls for the breakup of banks
Chris Giles
Darling responds to King’s bank speech Chris Giles FT video

Elsewhere:
Mervyn King’s speech in full
Bank of England
Volcker fails to sell a bank strategy NY Times
The consensus on big banks begins to move The Baseline Scenario
Mervyn King calls for banks to split as public finances take record hit The Times

 

Pinn illustration

A year ago, at the height of the financial panic, the world yearned for a profitable and confident financial sector. It now has what it wants, but hates it. As joblessness soars and the hopes of hundreds of millions of people are blighted, the financial sector’s survivors are thriving. Even bonuses are back. Policymakers have made a Faustian bargain. Success feels like failure. Read more