RBS just can’t strike the right balance

When we bailed out the banks in the developed world, the reason was that these institutions provided the financial underpinning and even the bedrock of the economy. They may have been gambling with other people’s money in global investment markets by investing and trading in markets and instruments, they didn’t really understand. But because we […]

25 November 2013 by John Lappin

Expert Opinion

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Who has the “right stuff” when it comes to banking?

Wanted: Bank chiefs not embroiled in the blunders of the banking crisis, nor the culture of habitual misselling – but with banking experience and without certain unfortunate character flaws. To put it another way, it is best that banks are led by people without a Masters of the Universe complex as we saw with RBS. […]

19 November 2013 by John Lappin

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It’s raining banks! Regulators are looking at 21 new applications for new banks.

Do you hate your bank but not fancy the alternatives much? Are you counting the cost of investing, or insuring with a long standing high street institution and are now appalled at its drug money laundering, libor/currency rigging, bonus defending, misselling, economy wrecking ways? Well help is at hand. There are apparently 21 proto banks […]

6 November 2013 by John Lappin

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A pay day loan should come with a warning that it could affect borrowers’ ability to get a mortgage

The last thing pay day lenders will want to see is a requirement to disclose the fact that taking out one of their loans can seriously damage the borrower’s chances of getting a mortgage. In fact, in conversations with financial services professionals and consumer advocates in the last few days, what is also interesting is […]

4 November 2013 by John Lappin

Your Money

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Pay day lenders – be careful full regulation doesn’t legitimise the sector – and a price cap still makes sense

Is there a danger that by handing responsibility to the Financial Conduct Authority for regulating payday loans that you bring them in from the cold? The FCA, as the name suggests, regulates the conduct of firms covering all sorts of businesses from fund managers and insurers, to banks and financial advisers. The products include mortgages, […]

4 October 2013 by John Lappin

News

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Ed Miliband’s energy price cap could undermine an important group of dividend paying defensive stocks

If you are an investor in the shares of Centrica, you will not be happy with the plans of Labour leader Ed Miliband to cap electricity and gas prices for 20 months. You may of course feel that Centrica’s threat to shut or abandon the UK for some unspecified foreign land was rather knee-jerk too. […]

26 September 2013 by John Lappin

News

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Let’s hope for the best from the new TSB

TSB is to be given a clean start. It has no liabilities from past misdemeanours, no toxic assets from the takeover of HBoS, enough capital to fund its activities and deposits that neatly match its lending. It all sounds like banking heaven. But was about its customers? Some 4.6 million customers are in the process of seeing […]

9 September 2013 by John Lappin

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Has debating house prices become taboo for the UK’s politicians?

Surely it is time for a full political debate about the current housing policy. It is very clear that the Government hopes to bring about a housing market revival, and to a great extent, it is succeeding. A revival is one thing but another house price bubble is something very different altogether. It cannot be […]

29 August 2013 by John Lappin

News

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Don’t get caught in an orphan fund

Savers in their thousands are losing out as a result of their own apathy and not ditching their investments in so-called ‘orphan funds’. It is a common theme and problem which has raised its ugly head again this week. Speaking to specialist title, Investment Week, Alliance Trust chief executive Katherine Garrett-Cox asserted that the fund […]

26 July 2013 by John Lappin

Expert Opinion

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