George Hay
George Hay writes about the banking and property sectors. He joined from Thomson Financial News, where he was a companies correspondent. Before that he worked at United Business Media, where he was news editor of Building Magazine. He has a first in English Literature from Edinburgh University, and was nominated in two categories at the 2009 Business Journalist of the Year Awards. Follow George on Twitter @gfhay
Contact Info
- Tel: +44 (0)20 7542 0280
- E-mail: george.hay@thomsonreuters.com
Recent stories
-
Greek bank recap: Germany please look away
Warrants awarded to investors, like hedge funds, that help rescue Greek banks could bring 800 percent-plus returns. That reflects massive risk. The troika is so desperate for Greece to recover that it is forgoing the potentially epic upside on its own rescue package.
-
Co-op's least-bad solution lies with its members
If the undercapitalised bank wasn’t a mutual, it would either raise capital or be carved up by the regulator. But its member-owned status complicates things. That points to a hybrid bond issue to customers. Sadly, the precedent - Spain’s Bankia - isn’t encouraging.
-
BT's free sports gambit tries to out-Sky Sky
The UK telco is fighting back in broadband by offering free sports programming - just as BSkyB used its pre-eminence in content to expand. Investors initially wiped 1.6 bln stg off the key players. The fear of retaliation is justified: price wars are easier to start than to end.
- UK's sovereign debt precaution at odds with EU
- Sainsbury's slow approach to banking makes sense
- RBS needs to make the case for freedom
- Barclays in capital fog after Deutsche U-turn
- Santander CEO exit clarifies Botin succession
- BBVA is bank of choice for Spanish bulls
- Cyprus punishes the Russians and the prudent
