UK Banking facing Judicial enquiry

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

Worse to come?
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Up this without a paddle......

Ol' Man River
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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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Oh dear, Profit margin was too low

Can we claim Diamond's payoff back then?
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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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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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Another rogue trader found guilty