56-year old Chris Reynolds from Delaware in the US was somewhat surprised on Friday, after he received his monthly statement from Paypal saying he had a balance of $92,233,720,368,547,800 (£6 quadrillion).
The European Union have agreed on a deal which establishes rules on who will pay for future bank bailouts without taxpayer money.
Britain’s twelve top high cost lenders, some charging interest of more than 4000%, made almost £1 billion in profits in the last 12 months according to a recent investigation.
What caused Britain’s and the USA’s financial crash? What is its legacy? How to deal with the consequences? David Potter, who built the global, hi-tech company Psion, and then served on the Bank of England when the crash began, addresses these questions with the exceptional authority of a businessman amongst economists.
This week, two different approaches to embedding restraint began to take shape as London-headquartered banks reflected on the exceptional power…