So we’re all sitting here with bated breath waiting for the Chancellor to give us his pre-budget speech, aren’t we? Well, not really, because so much of it has been leaked in advance that it’s not worth staying in for now. We’re all going to be in town shopping instead- what with our massive reductions [...]
Written on November 24, 2008 | Posted in
Featured,
Finance
Sir Victor Blank annouced today an unprecedented merger deal between Lloyds TSB and HBOS, at a cost to Lloyds of £12billion pounds. It is a sign of the extraordinary circumstances surrounding this event that Lloyds has been able to buy out a much larger rival bank, and create a mega-bank that would normally have the [...]
Written on September 18, 2008 | Posted in
Business,
Finance
Put 5000 bankers in a big circle , with no chairs in the middle, and get a fat lady to sing the following words to the tune of a well known sea shanty:
“what can you do with a sunken banker?
what can you do with a sunken banker?
what can you do with a sunken banker, now [...]
Written on September 16, 2008 | Posted in
Business