Beware the silken-tongued banker…

I got an interesting piece of mail last week. My bankers, NatWest, have invited me to apply for the NatWest “Black” card. Ooh, lucky me! If you’ve never brushed shoulders with the Monaco set, or spent your summers at The Hamptons (as indeed, I certainly haven’t), you probably won’t have been exposed to the mythical [...]

The ethics of bankruptcy

New figures released today by the Ministry of Justice show that fewer individuals year-on-year are petitioning for bankruptcy. These figures are for personal rather than business bankruptcy, but it’s worth mentioning, not least because the distinction is blurred in any case as many individuals facing bankruptcy are self-employed; and it is their business activities which [...]

A credit crunch story

I want to tell you a story about my friend Paul. He lives a few doors down from me, and we went for a drink a couple of weeks back. He told me an astonishing story. Back in the early 1990′s, he was a bit strapped for cash. Somewhere along the way, he forgot to [...]

Credit Crunch- back to the good old days

Yesterday, Hector Sants, Chief Executive of the Financial Services Authority, warned that banks will have to change the way they do business. For finance fans, he specifically said that banks will have to keep more of their loans on their own books rather than selling them on- which was one of the causes of the [...]