THE BANK OF ENGLAND Was the Bank of England asleep at the wheel? Recently Jon Moulton, the chairman of Alchemy Partners, remarked to reporters that at a recent breakfast meeting with Bank of England officials "none of them knew what a 'CLO' actually was". It's a...
ALCHEMY, the venture capitalist which last year attempted to buy Rover, is close to losing the support of one of its big- gest investors, JP Morgan Partners. The private equity arm of JP Morgan Chase, the US investment bank, has decided to cease investing in Alchemy in...
Wordy and over-long reports were a big contributor to the failures of financial institutions such as AIG and Lehman Brothers, says Jon Moulton of private equity firm Alchemy. He talked to me about some of the causes of the financial market chaos and what needs to be done. ...
George Soros, chairman of Soros Fund Management, has predicted "a deep recession is now inevitable and the possibility of a depression cannot be ruled out." Speaking before the US House of Representatives committee on oversight and government reform, Soros admitted that hedge fund...
Recent events show how far we have gone from a country governed by Parliament to one ruled by out-of-control civil servants. HM Revenue & Customs is crying "tax-avoidance" to make a really big change in the UK's tax law. You can search the budget speech and the...
