Cityboy's articles

17-July-2009:


A month ago I wrote a column describing a luxurious feast I’d had at the rooftop restaurant Coq D’Argent. I mentioned that a man had jumped off the terrace to his death two years earlier but concluded that no-one seemed likely to be contemplating suicide that sunny afternoon. Unfortunately, a young stockbroker did just that two weeks ago from the very same restaurant.


10-July-2009:


‘If we don’t ... learn from ... our past mistakes we are doomed to repeat them.’ When Barack Obama quoted those wise words nine months ago I desperately hoped that both bank executives and British politicians were listening. Unfortunately, after recently hearing non-stop in the media that ‘bonuses are back’ and checking out Alistair Darling’s White Paper two days ago detailing this government’s watered-down banking reforms I can’t help but feel that no-one’s learnt anything from the credit crunch.


3-July-2009:


A 2008 internal report by City regulator, the FSA, that was leaked last week suggested that the organisation had racist elements within it. Apparently, the N-word was used at one meeting without comment whilst a joke about a Muslim suicide-bomber was made at another.


26-June-2009:


Last week an awards ritual took place that for 12 sorry years used to dominate my sick and twisted life. Most of you have probably never heard of the annual Thomson Reuters Extel awards ceremony but it is known in the Square Mile as the ‘Oscars of the City’. Essentially all ‘the clients’, that’s to say the dribbling fools who run your ISA or pension fund that stockbrokers like me used to lie to day in day out, vote for who is the best analyst in their specific industry sector. In theory, they vote for the smartest chap who’s going to make the best stock calls … the reality, of course, is a little more complicated.


Syndicate content