One of the more interesting titbits about the current Greek crisis was the quote from someone at De La Rue (ticker LSE:DLAR) that it takes 3 months to print a new set of banknotes. So how far have they got? Printing it is not the whole story. The immediate reaction of every Greek to the [...]
When I was at Morgan Grenfell in the 1980s, investment banking was about serving clients. We made money out of advising clients on mergers and acquisitions and raising money (“corporate finance”) and from investing clients’ funds (“fund management”). I left before Morgans was taken over by Deutsche Bank and the US firms came to dominate [...]
I am not quite sure: journalist, intellectual. Wikipedia describes him as a philosopher who writes for a general audience. That seems wide of the mark to me. I tend to notice his contributions to City AM, the weekday freesheet for bankers and their ilk. His bio at the Cobden Centre claims he got a PhD [...]
Last night I spent a rather dull 5 hours waiting in St Thomas’s Accident & Emergency (A&E), whilst a friend waited for a CT scan. Hurrying for a bus on the Isle of Dogs, she had tripped, fallen heavily, bashing her head hard against the pavement. When she phone me a few minutes later, she [...]
There was a typically contrarian article by Dominic Lawson in today’s Independent. Most of the article made the obvious, but generally unwelcome, points that most people regard incontinent lending [by banks] as a wonderful thing and consider banks that refuse to lend to either them or their businesses as beyond the pale and what most [...]
