UK Banking facing Judicial enquiry


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Profile Sirius B
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Message 1266403 - Posted: 1 Aug 2012, 12:42:32 UTC

Funding for Lending introduced

The rich helping the rich again. Only those who can afford a 40% deposit can use this scheme, while the national loan scheme will be wound down.
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Profile Sirius B
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Message 1268133 - Posted: 5 Aug 2012, 23:48:14 UTC

interesting reforms.....

Barclays plan radical reforms

That "downgrade" looks good....might make them perform in the best interests of both themselves & the customers...

...we'll see.....
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Message 1273977 - Posted: 22 Aug 2012, 15:14:07 UTC

A reverse Nigerian Scam? Poor Africa....Barclays have to recover their losses somehow.....

Barclays to speed up their growth plans

Hmmn, wonder how quick will the other disgraced banks join in the "African Gold Rush"?
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Message 1274262 - Posted: 23 Aug 2012, 7:03:38 UTC - in response to Message 1266403.

Funding for Lending introduced

The rich helping the rich again. Only those who can afford a 40% deposit can use this scheme, while the national loan scheme will be wound down.


How much money do you need to have to be classed as rich, Sirius? 40% of the
average price of a house, currently around £166,ooo, equates to £66,400.
If you think your rich with that amount of money in your pocket then your
"Sirius'ly" mistaken.


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Profile Sirius B
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Message 1274618 - Posted: 23 Aug 2012, 22:42:51 UTC - in response to Message 1274262.

Tell that to the young newlyweds attempting to get on the housing ladder. I'm pretty sure that they'll think £66k will be a bit rich for their blood.
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Message 1274797 - Posted: 24 Aug 2012, 9:26:02 UTC - in response to Message 1274618.

Tell that to the young newlyweds attempting to get on the housing ladder. I'm pretty sure that they'll think £66k will be a bit rich for their blood.


Now we see the one big problem behind all this banking fiasco....too much easy
credit so forcing asset prices up way too high.


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Message 1288818 - Posted: 28 Sep 2012, 14:33:17 UTC

Well, it's a start, but can it be truly enforced?

Libor riggers should be prosecuted

"In a stinging criticism of the BBA, Mr Wheatley said it was "careless" in its approach to policing Libor and put too much trust in a system that "did not have the right level of checks and balances in place".

A dumbass commoner states that & is castigated, yet an educated "ejit" states it & its published & accepted.....Charming to say the least.
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Message 1289895 - Posted: 1 Oct 2012, 1:21:55 UTC - in response to Message 1288818.
Last modified: 1 Oct 2012, 1:24:17 UTC

Well, it's a start, but can it be truly enforced?

Libor riggers should be prosecuted

"In a stinging criticism of the BBA, Mr Wheatley said it was "careless" in its approach to policing Libor and put too much trust in a system that "did not have the right level of checks and balances in place".



Martin Wheatley: System built on "flawed incentives, incompetence and the pursuit of narrow interests"...
...So we know where the Libor lot got this trait from...studying politicians
for their past-masters at this...Politicians, a bastion of incompetence.
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Message 1294162 - Posted: 12 Oct 2012, 12:07:55 UTC

More damning evidence of incompetence....

Turner calls for unconventional policies

"The financial crisis of 2008 was "not a bolt from the blue," he said.

It arose from poor supervision, from bad rules and structures, from dangerous cultures - and the errors were made by regulators, economists, central bankers and public policy makers, as well as bankers themselves."

Nothing new then from the "Last Gasp Saloon".
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Message 1294941 - Posted: 13 Oct 2012, 19:59:19 UTC
Last modified: 13 Oct 2012, 19:59:57 UTC

The "Special Relationship" at work: - Thank you US for backing up the UK!

Tucker warns of an "Uncontainable Backlash"

"Both Mr Tucker and Thomas Hoenig, a director of US regulator the Federal Deposit Insurance Corporation, hit back at the claims.

Mr Hoenig said controls over bank structures, such as ringfencing, were vital. “We will have a crisis in the future. And the simpler the structure the better chance we have of managing that crisis and so we don’t have a global meltdown like we just experienced,” he said."

Well stated Mr Hoenig
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Message 1296315 - Posted: 17 Oct 2012, 19:41:24 UTC

Oh dear, just what we didn't need to know.....

Worse to come?
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Message 1296357 - Posted: 17 Oct 2012, 21:52:13 UTC - in response to Message 1296315.
Last modified: 17 Oct 2012, 21:55:13 UTC

Oh dear, just what we didn't need to know.....

Worse to come?

If there's still questions regarding bank solvency in the UK then just how
bad a state are the Europeans ones in...let me guess?....Oh dear, I can't use this
nondescript word here...even uncle Sirius wouldn't dare use it...so best I
don't use it then? So lets just say their up the Swanee!!
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Message 1296364 - Posted: 17 Oct 2012, 22:13:29 UTC - in response to Message 1296357.

Up this without a paddle......

Ol' Man River
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Message 1296377 - Posted: 17 Oct 2012, 22:45:35 UTC - in response to Message 1296364.

Up this without a paddle......

Ol' Man River
....
....and in a leaky boat too...


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The Kite Fliers

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Profile Sirius B
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Message 1296858 - Posted: 19 Oct 2012, 11:01:08 UTC

Oh boy, twice in one week! Gotta make sure I do the lottery tomorrow as every thing nice comes in 3's :)

Inside the life of a banker

"Mr Smith resigned in March in a resignation letter which was published in the New York Times and made the explosive claims that senior staff called their clients 'muppets.'"


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Message 1296954 - Posted: 19 Oct 2012, 18:41:20 UTC - in response to Message 1296858.

Inside the life of a banker


He ain't telling us nowt that we don't already know here. Muppets, the only
Muppets left now are going to be those who shell-out and buy his book.
Bankers, football players all the same and both have a ball in common.
One lot have a ball, the other lot know how to play with it.




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Message 1301277 - Posted: 2 Nov 2012, 15:35:22 UTC

Oh dear, Profit margin was too low

Can we claim Diamond's payoff back then?
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Message 1304430 - Posted: 10 Nov 2012, 12:19:15 UTC

Wanna be a criminal & make crime pay?

Top 2 positions of 50.....

At No 2: - Become a politician

At No 1: - Become a banker, then you can do this & make Loadsa Moneeeee

HSBC - The Criminals No 1 Bank

A comment from the article says it all.....

"Banks have to vet their customers yet governments can do business with anyone? its hypocracy not to mention the billions HMRC has written off for some of the worlds biggest companies because they bought them dinner"
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Message 1308108 - Posted: 20 Nov 2012, 14:54:39 UTC

Another reason to reign in the bonus culture.....

Another rogue trader found guilty

Ah not to worry, the banks will just put their charges up to recover their losses.......
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Message 1308128 - Posted: 20 Nov 2012, 16:06:05 UTC - in response to Message 1308108.

Another rogue trader found guilty

I wonder. Was he really a "Rogue Trader" or just the scapegoat for when the bank bet on heads but flipped tails ?

If they had won the $2.3bn instead of losing it would he have still been crucified ?

T.A.

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