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6 December 2017

RBS to sack 1,000: nationalise the banks

The Royal Bank of Scotland wants to cut 259 branches and 1,000 jobs - while the Tories plan to sell it at a 26 billion loss

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28 June 2017

Barclays finally charged for having hands in till

After an investigation of six years, and over nine years following the events concerned, the Serious Fraud Office has finally decided to bring charges against Barclays bankers

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29 March 2017

Top banks post 67% of profits in tax havens - nationalise the banks!

Between them, HSBC, Barclays, RBS, Lloyds, and Standard Chartered reported profits of 9 billion in tax havens - a massive 67% of their total.

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10 August 2016

Fresh bank crash looms

The banksters are at it again. Despite huge public anger at their role in the financial crisis of 2007-8 it seems no lessons have been learned. A new report warns that "we're sailing blindly into a second global financial crisis."

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3 June 2015

Finance capital - taking Liborties

The ongoing trial of former UBS and Citigroup trader, Tom Hayes, has revealed the huge scale of the 2012 Libor rate fixing scandal perpetrated by the major banks

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6 August 2014

Regulating the banks? Don't make me laugh!

Deep in the heart of London, the world's largest centre for international finance, bankers are quivering in fear, writes Tessa Warrington.

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29 May 2013

Rotten greedy banks still threaten crisis

On 15 September 2008, the big city bank Lehman Brothers went bust. Within days, lending between banks dried up. Andy Beadle reviews the BBC2 series Bankers.

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10 April 2013

HBOS scandal is just the tip of the iceberg

HBOS has been called the 'worst bank ever' after colossal losses resulted in a government-brokered merger with Lloyds and a subsequent taxpayer bailout of 20.5 billion, writes Matt Gordon, Bristol Socialist Party.

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It's time to take over the banks - FBU pamphlet, photo FBU

It's time to take over the banks - FBU pamphlet, photo FBU

20 February 2013

Review: "It's time to take over the banks"

Dave Murray reviews the new "It's time to take over the banks" FBU pamphlet by Michael Roberts and Mick Brooks. Introduction by Matt Wrack, general secretary, FBU...

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DWP group president Fran Heathcote (with flag) at Leeds Remploy picket line, 26.7.12, photo by K Williams

DWP group president Fran Heathcote (with flag) at Leeds Remploy picket line, 26.7.12, photo by K Williams

12 September 2012

Nationalise the banks

This is an extract of the speech at the TUC congress given by Fran Heathcote, group president of PCS in the Department for Work and Pensions, in support of a motion from the Fire Brigades Union on nationalising the banks

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29 August 2012

Crisis services handed over to charity food banks

Once again The Guardian repeats the line that 'councils will no longer be able to' fund another vital service, this time to maintain emergency crisis loans

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Photo Senan

Photo Senan

11 July 2012

Libor scandal exposes rotten racketeering system

If the appearance of Bob Diamond before the House of Commons Treasury Select Committee was intended to demonstrate some kind of public accountability of bankers before parliament then it dismally failed...

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Their system, their crisis: kick 'em out! nationalise the banks, photo  Socialist Party

Their system, their crisis: kick 'em out! nationalise the banks, photo Socialist Party

4 July 2012

Jail the banksters! Nationalise the banks under popular democratic control

In 2008 the Socialist warned that: "the calls for regulation are like asking the bank robbers' gangs to keep a check on the bank robbers. What is urgently needed is popular control of the major banks and finance houses, not 'oversight' by unelected quangos and elected capitalist politicians, whose allegiance is to big business." Now the bank robbery has been exposed yet again.

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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.

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16 February 2011

News in brief

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...

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BBC programme: Britian's banks: too big to fail

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.

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4 August 2010

How the banks rip us off

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...

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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...

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24 June 2009

Another RBS rip-off payout

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...

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24 February 2009

Where's the bailout for us?

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...

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