David Stevenson, Associate Editor at MoneyWeek, UK, offers his analysis of the current state of British Banks and the implications for the global economy for the next few years.

Will November’s emergency global financial summit result in a “new global financial order”? European leaders are pressing for a fundamental change in the US-centric monetary system. Jason Simpkins says a similar crisis meeting in 1944 gave birth to the Bretton Woods gold standard. But there are reasons to doubt such a major reform this time around.