What IBM Said about the IT Chaos at UK Bank TSB and Owner Sabadell, Now in its 12th Week by Don Quijones • Jul 10, 2018 • 39 Comments Contracted to fix the fiasco, IBM estimates costs at $1.25 billion: sources. There’s even talk of divorce, after just 3 years of corporate marriage.
Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits by Don Quijones • Jul 7, 2018 • 15 Comments Payback time for the financial sector that was bailed out by taxpayers, the new government thinks.
US Dollar Hegemony Tripped Up by Chinese Renminbi? by Wolf Richter • Jul 1, 2018 • 73 Comments Um, no. Central banks not enthusiastic about the renminbi.
Corporate Brexodus Begins as “No-Deal” Brexit Looms by Don Quijones • Jun 28, 2018 • 31 Comments Potential for ugly consequences, intended or otherwise, is rising.
As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day by Don Quijones • Jun 26, 2018 • 29 Comments The biggest loser: BBVA, Spain’s second biggest bank.
Next Central Bank Puts QE Unwind on the Calendar by Wolf Richter • Jun 21, 2018 • 67 Comments The end of an era spreads.
Multi-Decade Outsourcing Boom Comes to Sticky End in the UK by Don Quijones • Jun 21, 2018 • 46 Comments After scandals, collapses, and the government’s off-balance-sheet debt.
How the ECB Helped Spain “Recover” Faster than Italy from the Crisis by Don Quijones • Jun 20, 2018 • 21 Comments A nation of savers v. a nation of debtors.
Big Four Audit “Oligarchy” Comes under Scrutiny in the UK after Corporate Surprise Collapses by Don Quijones • Jun 19, 2018 • 36 Comments The “oligarchy” controls the standard-setters, ensuring rules of the game suit it. The long reach of the bean counters also extends deep into the heart of government.
Blackstone Becomes Biggest Hotel & Property Owner in Spain by Don Quijones • Jun 14, 2018 • 26 Comments The PE firm as global landlord.
