Ian Hay-Davison

How to rescue a bank: be firm, be quick, be quiet

Ian Hay Davison draws lessons for the handling of the Northern Rock crisis from his experience as chairman of National Mortgage Bank after its collapse in 1992

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Nigel Inkster

The Xi files: how China spies

From the magazine
Most states spy. In principle there’s nothing to stop them. But China’s demand for intelligence on the rest of the world goes far beyond anything western intelligence agencies would typically gather. It encompasses masses of commercial data and intellectual property and has been described by Keith Alexander, a former head of America’s National Security Agency,

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