Day: 17 June 2010

A Missing Piece BP has now agreed to set up a $20 billion dollar fund and cancel its dividends, as this Blog indicated it would have to a week ago. In the deal announced after talks at the White House there is a large piece missing. President Obama indicated this tidy sum was ‘not a […]

Reform comes to the City The Chancellor’s speech last night at the Mansion House was hugely encouraging. At last there is evidence that the nature of the problems we face as well as the scale is understood. I am not very particular about the nature of regulation. Any logical system properly organised will work. The […]