Loss of income caused by banks as bad as a ‘world war’, says BoE’s Andrew Haldane

No Kidding! The financial crisis has been as economically devastating as a world war and may still be a burden on “our grandchildren”, a top Bank of England official has said. Andy Haldane, the Bank’s executive director for financial stability, added that public anger at the banks was fully justified and that pay in the […]

Referendum in Ireland? Kicking the bankers out worked for Iceland!

Just when the euro-zone crisis was getting a bit repetitive, the Irish decided to lob another hand grenade into the mix. Last week, the Irish government announced that Ireland would be holding a referendum on the European Union’s Fiscal Compact Treaty before the end of the year. The news came as a surprise in both […]