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UBS in new 9bn writedown

UBS has reported a new asset writedown of 9.6bn, more than doubling its total writedowns as a result of the sub-prime crisis to around 18.5bn.


Crash course

When the sub-prime crisis first broke in the US, there was an outbreak of collective smugness from the mortgage industry in this country.

Mouse trap

A few weeks ago, after one of those industry seminars which you find yourself attending for some mysterious reason and then wonder why you bothered, an IFA asked me what criteria I use to decide what topic to write about this column.

Equal rites

This year is likely to see a rise in discrimination claims after some interesting developments in this area of the law.

Basic errors let risks be overlooked

The FSA’s internal report into the Northern Rock crisis has revealed a startling catalogue of regulatory failures, including basic mistakes such as not recording key meetings.The report by its internal audit division, covering supervision of the bank between January 1, 2005 and August 9, 2007, when the crisis became apparent, uncovers huge failings on the […]


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