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Mervyn King

From ZIRP to NIRP?

Charles Kolb | Posted 06.30.2016 | Politics
Charles Kolb

As long as we ignore the underlying causes of these global imbalances, we will experience low economic growth and recurring economic crises. Since 2008, we have addressed symptoms, not causes.

Guilty Until Proven Innocent: Extortion Against Standard Chartered Shows Bias Against Iran

Danny Schechter | Posted 10.22.2012 | Business
Danny Schechter

Wall Street has become a place where real financial fraudsters go unpunished while inflated cases like this get the attention especially when a demonized "evil doer" like Iran is said to be involved. Real crimes like the way sanctions hurt ordinary Iranians go unreported.

N.Y. Fed Silent On Barclays’ Admission Of Rigging Libor

Reuters | Sakthi Prasad | Posted 07.25.2012 | Business

Treasury Secretary Timothy Geithner, who was then head of the Federal Reserve Bank of New York, did not communicate in key meetings with top regulator...

Regulators Wanted Anonymity In Libor Scandal

The New York Times | Ben Protess and Mark Scott | Posted 07.21.2012 | Business

As the interest rate manipulation scandal grips the banking industry, regulators have defended their actions and trumpeted their efforts to overhaul t...

Central Banker To Consider Scrapping Libor Entirely

Reuters | Posted 09.18.2012 | Business

* Talks in September to discuss whether Libor can be saved * Bernanke, Carney float possible market-based alternatives *...

Shocked, Shocked To Learn Of Libor Fraud

The Huffington Post | Mark Gongloff | Posted 07.17.2012 | Business

Thing One: King Of Pain: If there were a buck-passing event in the London Olympics, Bank of England chief Mervyn King would be the favorite to win the...

I'd Run Barclays for $1 Million!

Laurence J. Kotlikoff | Posted 09.11.2012 | Business
Laurence J. Kotlikoff

Dear Remaining Members of the Barclays Board, I heard you're having some senior personnel problems.

The View From the Rooftops

Mitch Feierstein | Posted 05.07.2012 | Business
Mitch Feierstein

Shareholders need to take a hit. That way, the ground will be cleared for better managed companies and stockholders will be reminded about the responsibilities of ownership. And central bankers should take responsibility too.

Snow Use Being Unhappy

Nick Abbot | Posted 02.09.2012 | UK Comedy
Nick Abbot

You might think that the government spending two million pounds of the public's money on finding out whether we are happy would make us all sad but you would be wrong.

Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011 | Business

On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...

Simon Johnson:The 'Too Big To Fail' Battle Heats Up In Europe | SIMON JOHNSON | Posted 05.25.2011 | Business

Just when it seemed that the debate over banking was winding down -- with overwhelming victories on almost all dimensions for the people who run the w...

What We Can Learn From Central Banks About Managing Our Wealth

Gemma Godfrey | Posted 05.25.2011 | Business
Gemma Godfrey

These trade wars are turning into foreign exchange market turbulence. So what are these so-called "currency wars"? And what can we learn from them?

What Goldman Sachs Failed To Acknowledge

New York Times | Simon Johnson | Posted 05.25.2011 | Business

To great fanfare, this week Goldman Sachs introduced the report of its business standards committee, which makes recommendations regarding changes for...

William Alden

Goldman: New Banks Rules Will Hurt 'Small' Corporations | William Alden | Posted 05.25.2011 | Business

Requirements that banks hold more cash to prevent against economic downturns won't just hurt the banks themselves, but also the companies they lend to...

Mervyn King Has It Right -- Our Financial System Is the Worst

Laurence J. Kotlikoff | Posted 05.25.2011 | Business
Laurence J. Kotlikoff

We have the worst possible banking system because it is built on two pillars of straw -- proprietary information and leverage.

William Alden

Basel Won't Prevent Another Financial Crisis, Mervyn King Says | William Alden | Posted 05.25.2011 | Business

Mervyn King, governor of the Bank of England, criticized the recent Basel III requirements, which increase the minimum amount of capital that banks mu...

Nouriel Roubini: 'Too Big To Fail' Revisited | Nouriel Roubini | Posted 05.25.2011 | Business

Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September ...

Shahien Nasiripour

Wall Street Journal Supports Break-Up Of Big Banks | Shahien Nasiripour | Posted 05.25.2011 | Business

Add the Wall Street Journal editorial board -- of all people -- to the growing ranks of those calling for a restoration of barriers between commercial...

Shahien Nasiripour

Fed Chairman Blames Banks For Continued High Unemployment | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke on Monday blamed banks for slowing the recovery and keeping unemployment high. Despite hundreds of billions i...

Doesn't Anybody Have Any Doubts About How We're Doing This?

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

Who is going to play Mervyn King in America -- who'll play the prudent voice of reason? Not the obstructionist Republicans who long ago got disqualified from reasonableness.

Bank Of England To Pump $20.6 Billion Into Money Markets To Offset U.S. Credit Crunch

AFP | Roland Jackson | Posted 05.25.2011 | Business

The Bank of England said Thursday it would pump 10 billion pounds (13.9 billion euros, 20.6 billion dollars) into money markets amid the ongoing credi...