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Principal content
Tobin or not Tobin
The Tobin tax or levy on financial transactions has, in reality, gone through several mutations and it should remain a curiosity of economic history
Uncrunching credit
Spreads on three-month Libor have settled back into their boom-time groove, yet a continued lack of lending means credit can still not claim to be uncrunched
Insider trading crackdown
US authorities have attacked the alleged ring in the Galleon case with a gusto usually reserved for mafia bosses
TPG / IMS Health
TPG, which this year said it had snubbed 140 LBO opportunities, has jumped back on the wagon to lead the year’s largest
Skin in the game
Those demanding US banks keep “skin in the game” when securitising loans should think about what type of flesh they want
US bank regulation
Banks should insist on clearer ground rules in legislation that currently leaves too much to regulators’ discretion
Goodwill write-offs
Christmas is the season of goodwill; the new year will be the season to write it off. Goodwill will be the focus for auditors
Hedge fund scandals
Lately some hedge funds have closely resembled a house of cards, where a single knock can bring the whole thing down
UKFI
The appointment of the next chief executive of the entity created to manage government stakes in British banks is an astute choice by the chancellor
Executive pay
News that FTSE 100 chiefs’ remuneration rose an average 7.4 per cent in the past year is bound to be seized upon as further evidence of a broken system
