FCA slams RBS, but no collusion on sales

RBS

The Financial Conduct Authority’s review of Royal Bank of Scotland’s treatment of small and medium-sized business  customers has delivered a scathing verdict on the governance of its distressed division, the Global Restructuring Group, during the financial crisis.

Inflation: what follows ultra-low interest rates?

Quantitive easing by the Bank of England has eased the money supply

COMMENT: Conventional economics looks at inflation as either a monetary phenomenon linked to theories about money supply or unemployment rates a la “the Phillips curve”, writes Paul Stewart, director, real estate research & strategy – Europe, Barings