Posts Tagged ‘bank firewall’

Now that the Vickers Report is out the banks seem to be facing some serious changes in the levels of funding they need in their balance sheet and a ring-fencing of retail operations. However, in my view, this whole thing is a PR scam and will change very little long-term. First off: the ring-fencing doesn’t […]

Well George Osborne said they were going to be ‘robust’ in dealing with the banks to try and prevent them from reckless speculative investing and unacceptable risk. So, what has he done? Basically, very little of any substance. They set up Project Merlin to get banks lending (particularly to small businesses) but it hasn’t really […]