Sunday August 20, 2017
Photo Article from the Greek Hovel - I'm happy to pinch ideas as a magnificent new doorway takes shape
Al Gore's new global warming scare film bombs because the facts show the Nobel Prize was awarded for a lie
Congratulations to nephew D on winning a place at Britain's second best University - it was 31 years ago for me

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Guest Post: Robert Sutherland Smith on HSBC

Please share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years. at t1ps. He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. He is also going to do a monthly column for me on this blog on the subject that really interests him, life on Hampstead Heath. I am sure we all look forward to “Pond Life.” RSS today looks at HSBC.

see reports that US Mega bank JP Morgan has this week been taken to task by regulators for its lax internal controls. For those of us who remember when banks used to be in institutions that lent money and were considered safe and dull this serves as yet another reminder that those banks with a real advantage in the new regulatory world are those with a culture for what used to be called ‘probity’; the principal stock in trade of London’s ‘joint stock’ clearing banks for much of the last century.

Barclays, under its new management, in a neo-Darwinian instinct for adaptation to the new conditions

Read the full article on TradingResearchPoint | Comments
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