Monthly Archives: June 2013

When is a profit not a profit?

Most of us, whether or not we agree with Mr Micawber’s assertion that profit equals happiness, would recognise his description of the basic principle of profit and loss: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result … Continue reading

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Can bankers be virtuous?

“Regulation, markets, virtue.” That’s how the Archbishop of Canterbury Justin Welby summed up the preconditions necessary for a healthy and socially useful banking sector at an event organised by the St Paul’s Institute last week. The interesting and somewhat remarkable … Continue reading

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