banking
ECB bailing out British banks exposes coalition’s finance failure
Cormac Hollingsworth writes on the embarrassment for the chancellor that is the British banks RBS and Lloyds having to go to Europe for a bailout
Transforming the financial sector from a bad master to a good servant
Stephany Griffith-Jones presents the plan for reformation of the banking system to end the perpetual crisis of finance.
Transparency, accountability, responsibility: Miliband’s “one nation banking” principles
Ed Miliband will lay out his plans for a new era of responsibility at the top and outline his vision of “one nation banking” in a speech to Reuters today.
The government has the power to stop Hester’s bonus, they just don’t want to
The government has the power to do exactly what it says it can’t, and stop Stephen Hester, the director of the failed RBS bank, getting a million pound bonus.
All in it together? RBS fat cat “in line for £7m payout”. Seven. Million
Shamik Das reports on RBS chief Stephen Hester’s obscene bonus and pay packages - which could see him receive seven million pounds for 2011.
A word for 2012: Liquidation
Just as deleveraging was the watchword for the first stage of the banking crisis, we are now seeing the roots of the second stage: Liquidation.