I’m a subscriber to The Economist. This week I am absolutely loving their cover on the banking crisis: “Banksters” is the one word title, with a wonderful image. This week has definitely been a bad one for banks, and Bob Diamond, disgraced ex-CEO of Barclays did nobody any favours by the unbelievable approach he took to the interviews he had with MPs.
If you’re a little confused by the intricacies of the issues related to interbank lending rates, regulators and financial intrigue, then you might find the following articles very helpful. They’ll give you the background without overwhelming you with the details, and they also suggest solution. Well worth the investment of a few minutes of your time:
The Economist cover is below: