It is a strange thing that amidst all yesterdays attacks on democracy in Ireland and Greece and worries about State sovereignty in those countries, as well as Portugal and Spain, that it was Italy’s largest bank which suffered a very large fall in share price, the largest of of any bank on the day, I …
Last week I wrote suggesting Unicredit might be in trouble because of debts coming to it from its Austrian subsidiary Bank Austria and its American subsidiaries Pioneer Global Asset Management and Vanderbilt Capital Advisers Friday, Unicredit, Pioneer, Bank Austria and through them, Medici Bank, are all named as accused in the largest case to come …
Madoff, UniCredit and Ireland’s regulatory silence Read More »
Quite often I am asked when I think somethig is going to happen. I usually say, if I could give an accurate time frame I’d be either very rich indeed or on a black bag flight to nowhere. Luckily for me I am notoriously bad at guessing time frames. I usually call things far too …
