Now that Citigroup has been thrown a lifeline, people are asking who's next.Questions are being asked whether Bank of America is next. And will there be more? Paul Miller, a Friedman Billings...

Britain's bribery laws are finally set for an overhaul withe Law Commission bringing in a set of proposals that would make Britain's enforcement standards more like the US.Under the...

US retailers might be keeping their fingers today for Black Friday, traditionally the big shopping day of the year where people queue up for gift items and there are plenty of door-buster discounts....

With her nation in recession, German chancellor Angela Merkel has come out swinging, attacking the US for causing the economic crisis by flooding the system with cheap money and then the banks for...

This Thanksgiving looks grim and there is every sign that it will be one very bad Christmas for retailers with the latest economic data coming through.Consumer spending fell 1% in October, the...

A rather provocative blog entry from Ambrose Evans-Pritchard at The Telegraph where he claims he has seen credit defaul swap data showing California is a bigger bankruptcy risk than Slovakia.It...

Is the ground shifting on soaring executive pay? With markets imploding and people losing their jobs, are politicians finally drawing a line in the sand.President-elect Barack Obama has slammed...

More worrying signs for the global economy with the World Bank forecasting that China's growth will slip to 7.5%. Now that is a real concern, given that China had come out with its eye-popping...

Some 12 months ago, I did a blog entry suggesting that it might be easy to pull the wool over auditors' eyes when it comes to fraud. Now a piece in CIO Today, Investigations or Audits: Fraud vs....

The Bush administration's bailout of Citigroup might be a sign of more to come, and that's a worry for everyone. Not just American taxpayers but right around the world.The most incompetent...

I always talk about how accountants are recession-proof. The last blog entry I did on it looked at how they are enjoying above-average salary increases, despite the downturn.Now a new survey, reported...

The problem with Paulson's $700 billion bailout is transparency. The auto industry begging for money raises some important question: why are some industries being propped up and others left to...

The big question is whether the downturn and recession will be a replay of 1929. There are different views on it.The most alarming comes from Paul B Farrell at MarketWatch. in his piece, Farrell...

The recent seizure of the Saudi super-tanker Sirius Star by Somali pirates signifies how skilled these buccaneers are getting.As the BBC reports, they are becoming much more sophisticated....

So markets rallied with president-elect Obama selecting New York Federal Reserve Bank chief Timothy Geithner to head the Treasury.It's a significant choice because Geithner warned years ago that...

The plunging price of oil, dropping to its lowest level in more than three years, is likely to reshape the world significantly. It's great for motorists and businesses, but there are some...

1997 was the year Tony Blair was appointed Prime Minister of Britain, it was the year Diana Princess of Wales was killed in a car crash. And Bill Clinton was riding high.US stocks and the Standard...

Forgive me for this indulgence, I've never done this before. But this month marks the third anniversary of Sox First.Three years ago, I was invited to write about ethics, governance and...

General Motors' finance arm GMAC has applied with the Federal Reserve to become a bank holding company and the automakers have taken their case to the public with General Motors behind a website...

Are there lessons for other industries? Like, for example, the automakers?Airlines are doing it tough in this environment so it was interesting to read last week of Malaysian budget carrier AirAsia...

It must have been so humiliating but it had to happen with the automakers going cap in hand to Washington for a $25 billion bailout. And as the New York Times reports, things are not looking good...