A raise of the Governor’s eyebrow here, a nudge in the ribs there to keep the bankers in line.
A return, perhaps, to the traditional, pre-FSA tasks of the Bank of England.
FT’s warning
Nikkei chairman Tsuneo Kita admits he needs a dictionary to understand the erudition of his new plaything, the FT.
So I’ll translate into plainer language the final paragraph of Lionel Barber’s Letter from the Editor on today’s front page, “celebrating” the completion of the Pink ’Un’s sale to the Japanese.
Staying put: The FT's flag above its Southwark Bridge building (Picture: Getty Images)
Danny E. Martindale/Getty Images
“The FT will continue to thrive in its home in the City of London, while drawing on the strengths of more than 100 foreign correspondents.”
Kita-san, what he means is: “You may be looking to save a few yen but for God’s sake, don’t move us from Southwark Bridge to King’s Cross. And keep your hands off our overseas staff.”
