Latest articles from Nick Kochan

Is the PFI about to hit the buffers?

August 2, 2002

Forget worrying about corporate collapses. The growth of PFI financing is playing havoc with public money. Eventually an Enron-style disaster will be rerun on a sovereign balance sheet.

Enron fallout: why insurers fail banks

March 2, 2002

JP Morgan Chase thought it had its Enron risks insured. Now it is fighting a legal battle to reclaim the money. The case raises wider questions about the effectiveness of credit insurance and the much-heralded convergence between banking and insurance.

Turning bad credits into profits

August 2, 2001

If your image of sub-prime is of penal interest rates and unsavoury collection methods, think again. The sector is on its way to respectability and boosting banking profits. Nick Kochan reports

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