Alex Brummer on Business

Donor dollars are everything in the US

By Alex Brummer, August 16, 2012

The emergence of Sandy Weill, the American financier who drove a coach and horses through the Glass-Steagall banking restrictions Act, as an advocate of breaking up the super-banks into separate investment banking and utility banking units, was something of a Damascene moment.

Glass-Steagall is the law that limited the investing risks banks could take.

More..

It's time to be bold with the banks

By Alex Brummer, August 2, 2012

The 2008 financial crisis tested our faith in the stability of Britain's banks and the reckless lending decisions made during the financial boom with Royal Bank of Scotland and HBOS (merged into Lloyds) attracting the most opprobrium.

More..

Women are key in boardroom battles

By Alex Brummer, July 19, 2012

The Jewish community has recently been going through one of its regular bouts of angst concerning the lack of women in leadership roles. But it should not think it is alone. The general business sectors face the same problem.

More..

We have to stop those playing tax games

By Alex Brummer, July 6, 2012

One of the potentially positive consequences of the economic slump and long period of turmoil in financial markets is that it has led to a broad public debate about the morality of free market capitalism.

More..

Should we listen to Paul Krugman to get us out the crisis?

By Alex Brummer, June 21, 2012

No economist has been more outspoken about the causes and consequences of the “Great Panic” and “Great Recession” than Nobel prize winner Paul Krugman. He is one of a golden generation of economic thinkers, spawned by the Massachusetts Institute of Technology (MIT), that have emerged to dominate the debate about the causes and consequences of slump.

More..

The Flaws of the Facebook Float

By Alex Brummer, June 8, 2012

The idea that Facebook customers and the public would benefit from the social networking site’s initial public offering was always a fallacy. Facebook founder Mark Zuckerberg may now be the richest newly-wed in the world but the 16 billion-dollar-man did not achieve the impossible without being ruthless.

More..

Israel weathers financial crisis

By Alex Brummer, May 24, 2012

Israel receives little credit for its economic achievements. So it was a nice surprise to find Stanley Fischer, governor of the Bank of Israel, as the star turn at a luncheon for global economic policymakers at last month’s International Monetary Fund (IMF) meeting in Washington.

More..

Lloyds bid turns to Middle East

By Alex Brummer, May 10, 2012

Lloyds Banking Group, the product of the disastrous forced marriage between Lloyds and HBOS, has a serious problem.

The 43 per cent government-owned bank has been told by the European Commission that it must disgorge 632 of its branches and the back-up systems so as to satisfy rules governing state subsidy.

More..

Britain, we need to get building

By Alex Brummer, April 26, 2012

You don't need to be an economist to understand that investment in the nation's infrastructure is grossly inadequate.

Willie Walsh, chief executive of IAG, the holding company for British Airways, frequently takes to the media to express his concerns about the lack of runway capacity in the south-east of Britain.

Drought orders across great swathes of the country provide a sharp remainder of

More..

Tesco's troubles can turn around

By Alex Brummer, March 29, 2012

Tesco may have run out of Jewish chief executives but as a supermarket group it has remained true to its roots.

More..