The Bank of England argues for blame-free taxpayer bailouts – of central banks!
By Bob Lyddon – 4 minute read. THIS TIME around it is not commercial banks that need bailing out, but central banks!
23
04, 2024
22
01, 2024
Twenty-five years on and the Euro still fails to deliver
By Bob Lyddon – 4 minute read TWENTY-FIVE years on and the Euro’s benefits have been reduced to stunning banality in a promotional graphic issued by the Council of Europe to mark the Silver Anniversary of the Euro’s existence.
18
08, 2023
The illusion of UK financial stability – why the new Bank of England payment system fell over (just like the old one)
By Bob Lyddon – 4 minute read – The Bank of England's newly-unveiled CHAPS system went down for several hours on Monday – It’s time to face reality: the UK lacks a main pillar of financial stability.
14
08, 2023
Jeremy Hunt should be aware – the Financial Conduct Authority has ‘form’ in supporting de-banking
By Bob Lyddon – 3 minute read – The FCA has written to 30 or so institutions regarding the debanking of customers. While promising, it cannot obscure the FCA itself has ‘form’ in enabling de-banking in the past.
1
08, 2023
How, without legal basis, banks awarded themselves powers over customers
By Bob Lyddon – 4 minute read – The UK’s PEP regime has become a self-referencing industry in its own right, serving the interests of financial institutions while causing new and considerable detriments to UK citizens in good standing.