RBS – the accidental British bailout of the Irish state
Ulster Bank remains the missing part of the RBS story.
Ulster Bank remains the missing part of the RBS story.
This week’s announcement by HSBC of the extent to which they are circumventing European Union rules limiting bankers’ bonuses provoked more than usual outrage.
It is easy to produce banker bashing sound bites in bonus season. But as Ed Miliband recently showed, it is rather harder to stop rhetorical flushes damaging the value of our unintentional investment in RBS and Lloyds.
Does anyone deserve to make sums of money so far in excess of what the majority of UK workers earn?
To turn RBS into a network of community banks, looking at German Sparkassen for inspiration, would be a step closer to the kind of relational finance our communities desperately need.
Despite Cameron’s declaration of the situation at the Ulster Bank as not being acceptable during PMQs, Whitehall is now seeking to pass the buck on the issue.
Institutionalised prejudice against co-ops by organisations like the Financial Services Authority will delay the economic recovery, writes Cormac Hollingsworth.
Cormac Hollingsworth asks what use the Bank of England is if it’s afraid of one of the key tools in its arsenal
Cormac Hollingsworth replies to Open Europe, and demonstrates that RBS and Lloyds really are being bailed out.
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