Tag: banks

ARCHIVE 2013-15

On Why Size Might Matter

In selling the remainder of its shares in December, the US Treasury made a positive return on the $180 billion bail-out they provided AIG. The company’s recovery was one of the success stories of 2012 but its collapse four years earlier because of reckless speculation on complex mortgage products has cast a long shadow over the entire insurance industry. As one of the world’s largest insurers … Continue reading On Why Size Might Matter

rogerbickm1 Comment
ARCHIVE 2013-15

On Banking and Insurance

It has been an absolutely dreadful few days of course for the banks culminating in the resignation of Barclays CEO Bob Diamond and his subsequent appearance before the Treasury Select Committee following the LIBOR fixing scandal. Coming so soon after the colossal computer failure at RBS, that left thousands of customers stranded without access to their accounts, the already tarnished reputation of the UK banking … Continue reading On Banking and Insurance

rogerbickm1 Comment