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Entries tagged "Gordon Brown"

Engine boost

U.K. vanmaker LDV got a small government loan. It's not a Detroit-style bailout, but it may be a sign of the future.

Tone-deaf

In the British MP expense scandal, the pols sound a lot like put-upon bankers. They, too, set their own salaries.

By association

As the nexus of state and finance becomes tighter, the banks and the government that bought them become weaker.

Cold comfort

The government may throw a tantrum or two, but taxpayers and bank shareholders must foot unlimited bills.

Be careful what you wish for

In the U.K., bank CEOs called for state aid and had second thoughts when the strings were attached.

Follow the fleet?

U.K. prime minister Gordon Brown wants the world to know he has learned from the mistakes of others. Now he wants other leaders to learn from his successes.

Eyes on the summit

The challenge at the G-20 conference will be to reconcile lofty rhetoric with practical fixes.

Banker bashing

National pay caps may win votes, but in a global industry, talent can move.

About-face

Deleveraging among U.K. banks will be painful, however necessary, but lending could take years to recover.

Role reversal

On government bailouts, he led the way, but Gordon Brown's new popularity may be short-lived.

Separation anxiety

EU leaders cannot agree on a coordinated response to the crisis. It's one market, but many political wills.

Cut to the chase

The Labour government suddenly regained its self-confidence, so why didn't it tackle the banking crisis head-on?

Movers & shakers: July 3, 2008

On July 15, Kim Fennebresque will step down as non-executive chairman and as a board member of Cowen Group Inc. In March, he retired as...