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Callum McCarthy

Latest articles

City Spy: Byers’ deal for Rover was a bit hit and myth

14.09.09
Poor Stephen Byers wasn’t left with much of a choice when in 2000, as the Government minister in charge, he was responsible for sealing the fate of MG Rover... more

Myners goes for broker in clash with MP

19.03.09
Lord Myners' appearance before the Treasury Select Committee this week saw harsh words directed at the City minister by Tory MP Michael Fallon... more

FSA feels heat as another scandal hits City watchdog

06.03.09
Private Eye has memorably dubbed the City’s regulator the Fundamentally Supine Authority. That reflects the view of its critics that the Financial Services Authority is not up to the job... more

Sympathy is in short supply for AIG’s boss

18.09.08
Not too many tears for AIG's beleaguered chief executive Bob Willumstad, City Spy senses... more

A year after Rock’s collapse, the verdict on key players

11.09.08
Analysis: A year ago, BBC News dropped a bombshell the City will never forget. Northern Rock, one of the country's biggest mortgage lenders, had run out of cash and was going cap in hand to the Bank of England for emergency funding... more

Let's not rush to over-regulate

01.07.08
Marketing folk tell you the reputation of a company is not destroyed by the mistakes it makes, but by the way it recovers having made one... more

Watchdog smells rats - but can't catch them

01.07.08
In his classic 1940 book Where Are The Customers' Yachts?, Fred Schwed Jr takes on the follies of Wall Street in a way never bettered since. By his telling, Wall Street is a kindergarten full of incurable romantics, children who really believe all that guff they spout even as it is being proven spectacularly wrong... more

Large pay rises for FSA chiefs despite Rock fiasco

30.06.08
The two men in charge of the City watchdog which oversaw the collapse and nationalisation of Northern Rock received inflation-busting pay rises last year... more

Big banks 'were on call to save B&B rights issue'

09.06.08
UK clearing banks were lined up to bail out Bradford & Bingley's £400 million fund-raising... more

City turning a blind eye to market abuse, FSA tells MPs

07.05.08
The financial watchdog accused City firms of turning a blind eye to market abuse and called for the introduction of plea bargaining to bolster its fight against insider trading.... more

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