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Archive for 'Tag Archives: 'banking''

Finance in a non-Banking World

Sarfraz Wali Introduction The world financial system came into global focus in the aftermath of the 2008 financial crisis that saw companies such as Lehman Brothers, Bear Stearns and AIG effectively collapse under the liabilities that [...]

Bankers’ Bonuses and Lost Honour: A Convenient Diversion

Jamal Harwood Dominating the UK press this week is the tale of two bankers, a banker’s bonus, and the end of honour. Whilst it is rather surprising that the contrasting tales of two bankers should dominate [...]

A Real Radical Solution to the Financial Crisis

Jamal Harwood Much can be said for the commitment, drive, and sheer doggedness of the many thousands worldwide which are braving the winter elements to keep their dignified “occupy” protests alive. It has caught the imagination [...]

Law of Unintended Consequences: European defaults, failed Western ideologies and Babar Ahmad

When the incompetent or corrupt break the law or their most important principles it invariably leads to unexpected consequences. At the height of the slow motion car crash which is often referred to as the Eurozone [...]

Britain makes elderly pay for banking crisis

The news that people in the UK are going to be made to work for longer before being allowed to claim their state pension is causing serious disquiet. Britain has an ageing population, as life expectancy [...]

Fractional Reserve Banking & the Global Credit Crisis

One of the mainstays of Western finance is the use of fractional-reserve banking. Fractional-reserve banking is the practice where banks only hold a fraction of their deposits in reserve, and use the remainder as capitol for [...]