We suspected that our readers might be interested in some of the remarks that Mr Botín made today during the IV International Banking Conference in Boadilla del Monte, so here you are a few highlights to discuss. On economic cycles: “This crisis reminds us of a number of things: cycles are not a thing of the past, liquidity is not always abundant and cheap and at times it can even disappear, financial…
By Antonio Arroyo, in Madrid | All around the world, rivers of ink on the Rupert Murdoch affair continue to flow, but what most articles keep on ignoring is what may prove to be the hot potato of Mr Murdoch’s problems as the public opinion is not aware of the corporate network that allows the magnate to circumvent –legally, of course– the tax charge that would be due according to…
You’ve certainly read by now Warren Buffet’s op-ed column in The New York Times “Stopping to coddle the super-rich”. Mr Buffett talked about raising the tax rate to the “rich” and “super-rich” in an effort to reduce the huge deficit in the US. While in Europe some members of the wealthy elite –like Maurice Lévy, chairman and chief executive of the French advertising firm Publicis or multimillionaire chairman of Ferrari…
That phone-hacking case, which has already led to the end of a newspaper that every morning scored more than 2.5 million readers after nearly 170 years of history, is now spiralling. It will sooner or later destabilise the British coalition government, and its impact on the markets will replicate the US' recent misstep. LONDON | The lesson former Crown correspondent at News of the World (NOTW) Clive Goodman has taught Rupert…