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Banks
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13 April 2011
Banking giants avoid punishment
When share prices in Barclays Bank and Royal Bank of Scotland rose by over 3% last week, the markets made it clear that the Banking Commission's interim report into the 2008 financial meltdown is, in fact, a paper tiger, writes Simon Carter.
16 February 2011
Hidden subsidies: There seems to be no limit to how much UK banks can gorge themselves on public funds. According to the New Economics Foundation, on top of the estimated £1 trillion shovelled into the black hole of the...
BBC programme: Britian's banks: too big to fail
26 January 2011
Britain's Banks: Too Big to Save?
TV Review: Journalist Robert Peston's BBC documentary, Britain's Banks: Too Big to Save?, gave a useful explanation of how Britain's banks have operated over the last two decades, leading to the banking crash of 2008, writes Sean Figg.
4 August 2010
CON-DEM Business Secretary Vince Cable told journalists he thinks banks are "ripping off" taxpaying customers with unfair charges and cynically using massive bail-out packages to pay their top speculators ridiculous bonuses out of the public purse...
21 April 2010
Banks use microloans to fleece poor
MICROLOANS ARE small loans to people who would otherwise not have access to finance, they are often for amounts of around $20...
24 June 2009
STEPHEN HESTER, the new boss at the Royal Bank of Scotland (RBS) who replaced disgraced chief executive Fred Goodwin, is in line to receive a £10 million pay package...
24 February 2009
For millions of working class people, however, the urgent question is: where is the bailout for us? For thirty years governments have told us that the only option is privatisation of public services, and...
15 February 2009
Paralysis of the banking system
The banks and financial system remain paralysed. 'Throw everything but the kitchen sink' at the problem is a British saying. Now, some Keynesian capitalist economists urge the 'kitchen sink' should...
11 February 2009
Bankers' bonuses - daylight robbery!
Take the banks into full public ownership and control: Those who have helped to blight and ruin the lives of millions of workers, through mass unemployment and the brutal repossession of homes, should receive not one penny in so-called 'bonuses', writes Peter Taaffe, Socialist Party general secretary.
21 January 2009
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Please sir, can I have some more? Cartoon by Suz |
BANK BOSSES, whose reckless greed for profit has helped push Britain and the world into the deepest financial and economic crisis since the second world war, are to receive another bailout from Gordon Brown's government, writes Roger Shrives.
7 January 2009
WORSHIPPED BY financiers as the 'guru' of hedge funds, it turns out that wealthy New York socialite Bernard Madoff is nothing more than a fraudster, writes Dave Carr.
21 October 2008
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Fords: Our jobs - here to stay |
15 October 2008
Sack the bankers not the workers
The proposed takeover of HBOS by Lloyds TSB will result in anything from 20,000 to 40,000 jobs being cut, writes a Cheltenham and Gloucester bank worker.
29 September 2008
The great implosion: Capitalist finance system nears meltdown
Editorial, Socialism Today, October 2008: Over recent years, we have often been accused of being 'catastrophists'. This is because we predicted that the debt-driven bubble economy, dominated by high-profit, high-risk finance capitalism, would...
22 July 2008
AFTER THE Office of Fair Trading criticised excessive penalty and overdraft charges that make banks over £8.3 billion yearly, the British Bankers Association, representing the major banks, threatened to introduce fees for current account services...
13 December 2007
BRITAIN'S HIGH street banks have been using charities, particularly children's charities, to benefit from tax breaks and maximise their profits with no obligation to give them a penny...
1 March 2007
THERE'S BEEN good news and bad news for shareholders and bosses of Britain's high street banks...
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