Cityboy's articles
14-Aug-2009:
Submitted by Cityboy on Fri, 08/14/2009 - 19:41.
 The City regulator, the Financial Service Authority, issued its long-awaited code of practice for City pay two days ago. The aim is to curb risky remuneration policies in the Square Mile. The 'principles' were watered down, the number of firms affected has been almost halved and the date of implementation has been delayed so banks can hand out big bonuses this year without any restrictions. Apart from that it was an outstanding piece of work. We can now all sit back safe in the knowledge that the FSA is manned by a bunch of toothless windbags who when asked to jump by City grandees simply ask 'how high?' |
7-Aug-2009:
Submitted by Cityboy on Fri, 08/07/2009 - 08:36.|
I never thought I'd say this but I've recently felt that some people might have been getting just a little bit too mean towards bankers! I say this because this week the media seems to have decided that banks should not even be allowed to make profits. There has been a general wave of shock horror that Barclays and HSBC both dared to report £3bn of earnings in their first half results. This seemed a tad perverse to me so I listed the possible reasons for this position: |
31-07-09:
Submitted by Cityboy on Fri, 07/31/2009 - 09:40.|
Believe it or not I receive a huge amount of emails from desperate female readers asking me to meet up with them. These impulsive women initially tend to be quite coy but it soon becomes pretty damn clear that they’ve only got one thing on their mind. They flatter me first but then they reveal exactly what they’re after … an internship at an investment bank for one of their kids. If only just once it was something more interesting! |
24-July-2009:
Submitted by Cityboy on Thu, 07/23/2009 - 14:18.|
You can take the boy out of the church but you most certainly cannot take the church out of the boy. Having had an extremely religious upbringing I’ve never doubted those sentiments and they were confirmed a few days ago when Lord Myners, the Government’s City minister and former fund manager, stated in the Sunday Times that he had ‘found God’ and was giving up his day job to study theology with a view to possibly becoming ordained. Myners, who was bought up in a religious children’s home, announced that he may have ‘neglected’ the moral purpose of his life and despaired that ‘money has become everything’ for most people. |
