Soros Out in the Cold as he Calls for Break-Up of Big Banks

Legendary investor and billionaire philanthropist George Soros, infamous as the "the man who broke the Bank of England" for his role forcing the pound out of Europe's exchange-rate mechanism in 1992, has called for a radical break-up of banks that are "too big to fail." And in backing President Obama's proposed reforms to limit the size of banks, Mr Soros - speaking at a private lunch at the World Economic Forum in Davos - told journalists that Wall Street bankers opposing Mr Obama's plans were "tone-deaf" . . . 

> read more

The Men Who Stare at Charts

A recent Hollywood movie trading on a fanciful concept that the US government would be savvy enough to train soldiers in the covert use of paranormal abilities, went
under a title that referred to their attempts to kill goats simply by staring at them – and thus, by extension, the enemy also. But what if economists could also become similarly skilled, we could kill off any recession with the blink of an eye? After all, as the epigraph to The Men Who Stare at Goats says: "More of this is true than you would believe!" Although I was a slow beginner in the genial art of no holds barred networking, I have rather come to pride myself on the quaint ability to couple name dropping . . .

> read more

BoE Governor Radical Banking Reform 

Mervyn King has said he backs calls for radical reform of the global banking sector, adding that while major change was needed, it should not be rushed because of the risk . . .

______________________________________

Goldman Sachs' UK Partners Cap Their Pay at £1m Each 

Goldman Sachs' 100 UK-based partners are capping their 2009 pay and bonuses at £1m each, which industry insiders say represents a significant . . .

______________________________________

MPC "Not Fit for Purpose" says Blanchflower 

The outspoken former member of the Bank of England's Monetary Policy Committee, David ‘Danny' Blanchflower, has called for the rate-setting body to . . .

______________________________________

Governor's Warning over UK Public Deficit 

Bank of England Governor, Mervyn King, has renewed his warning to the government that it must cut the public deficit. Mr King said uncertainty about the government's intentions had a direct bearing on monetary policy . . .

______________________________________

Citigroup Reports $7.6bn Loss 

Citigroup has posted a loss of $7.6bn for the final three months of 2009, largely due to repaying government loans. Taking out the impact of these repayments, Citi recorded a loss of $1.4bn during . . .

______________________________________

> Read more news stories 

Articles include:

Currencies Round-Up
Keep Taking the Medicine

Cover Interview
Leading the Way to a Harmonised European Payments System
Tony Richter, Head of Strategic Business Development, HSBC Global Payments and Cash Management

Cash Management Review:
SEPA - End In Sight

FX In The Spotlight
Global FX Market Trends

Country Focus
French Lessons

Eco-nomics
From Turbulence to Turbo

Regulation
A Year on from Lehmans

Closing Belle
Mind the Gap!

Mark Bolsom, Travelex
Knock on Effect of Debt Problems in the Euro Zone  
____________________

Not a subscriber to FX&MM?

Our publication will keep you one step ahead of your competitors. 


Request your free 3 issue trial today and benefit immediately.

> Request a trial here