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Why wasn't Italy's situation spotted earlier? And what's next?

November 22, 2011

Contagion is a remarkable phenomenon, transmitting itself with deadly stealth of the plague. One minute you’re fit and well, the next you’re dead. Financial contagion works in a similar way. In trying to understand why Italy has suddenly become the epicenter of such contagion we need to understand what left it so exposed.

The Competition Imperative Facing British Banks

November 15, 2009

Analysis of:The Euopean Commission flexes its muscles over British Banks | business.timesonline.co.uk

Since the collapse of Northern Rock Bank in February 2008 the British banking industry has been transformed. As a result of shotgun marriages the scale of concentration within the industry is now one of the highest in OECD. The European Commission has flagged its competition concerns. How will the British authorities address this challenge. What shape will the industry eventually take?

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