How bankers’ bonuses are contributing to the new credit crunch
Investors do not trust a banking sector grown drunk on bonuses – one of the reasons why we are facing a new credit crunch, writes Cormac Hollingsworth.
bankers
On the Financial Transaction Tax, why is Osborne on the side of the one per cent?
Today Dr Rowan Williams came out in support of a Financial Transaction Tax – yet George Osborne still opposes the tax that would raise billions for the poor.
Miliband fails to nail Cameron on bankers, greed and regulation
David Cameron and Ed Miliband clashed over fat cat pay, bankers’ bonuses and banking regulation at a story Prime Minister’s Questions today, reports Shamik Das.
The “occupy” protests come to the City this Saturday
Protests similar to those that have targeted Wall Street in recent weeks are set to hit the City of London this weekend, reports Left Foot Forward’s Shamik Das.
Are “Occupy Threadneedle Street” protests on the way?
The “Occupy Wall Street” protests that have hit the heart of New York’s financial district could be coming to the City of London.
City minister asked: “Why hasn’t a single banker been prosecuted yet?”
City minister Mark Hoban was grilled last night on why no bankers had been arrested, prosecuted and jailed in the UK for their role in the financial crisis.
Tories fail to shine a light on City pay
This week ahas exposed yet another example of the Tories talking tough but doing nothing when it comes to reforming the financial system and taking action on bankers’ pay.
Boris’s scaremongering over ‘banker bashing’ not backed up by evidence
Boris Johnson and other Tory and right wing scaremongering over ‘banking bashing’ are not backed up by evidence, reports Dominic Browne.
MEPs should support proposals for an EU-level Financial Transaction Tax
Sarah King, TUC Brussels officer, on why MEPs should support proposals for a European Union-level Financial Transactions Tax when it’s voted on in the European Parliament next week.
Austerity? Five HSBC fat cats share £35 million
New figures show HSBC’s top earner raked in £8.4 million, while 180 UK staff pocketed bonuses averaging £600,000, and HSBC paid just £236 million in UK corporation tax last year – despite doubling its profits to £11.8billion.