MoneyWeek saw the financial crisis coming

Many people still think no one foresaw the financial crisis, says Merryn Somerset Webb. And that's just as the big banks would have it.

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But we did see it coming, Ma'am
(Image credit: 2017 Getty Images)

"Why did no one see it coming?" This was the question posed by the Queen about the credit crunch and subsequent financial crisis when she was opening a new building at the London School of Economics in 2008. It is a question that is still regularly asked today. It's also a very silly question. That's because an awful lot of people did see something coming.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.