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If you believe banking and finance need reform, vote Green

Caroline Lucas & Natalie Bennett

6th May, 2015 Having studied the manifestos I can now say it with some certainty. There is only British political party that is committed to reforming Britain’s broken banking system and still largely out-of-control City of London. The Green Party. Other parties such as the Conservatives and the Labour party do mention things like implementing the Sir John Vickers […]

May 6th, 2015 | Posted in Blog | Read More »

Investor seeks to force accountability at Lloyds Banking Group

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14th April 2015 Lloyds Banking Group shareholder Michael Page may be about to force some accountability, and perhaps even a degree of honesty, at the state-rescued bank in which he owns a stake. In doing so Page — whose Guernsey-based aircraft leasing business was left massively out of pocket following the collapse of the scandal-plagued, and HBOS-backed, aviation business, Corporate Jet Services, in […]

April 14th, 2015 | Posted in Blog | Read More »

Osborne should break up RBS and Lloyds, not chase a fast buck

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March 11th, 2015 Britain’s banks would never have been able to get away with behaving as badly as they have done, missell as many products or ruin as many viable UK small and medium-sized enterprises if their sector had been subject to proper competition, the former entrepreneur-in-residence at the Department of Business Innovation and Skills, Lawrence Tomlinson, […]

March 11th, 2015 | Posted in Blog | Read More »

Hervé Falciani: HSBC leaks are the tip of the iceberg

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February 14th, 2015 (updated February 20th, 2015) Hervé Falciani is the man behind the largest leak in banking history. In this interview (filmed in February 2014), he told the British filmmaker Nick Francis why he had little choice but to become a whistleblower after he discovered that the board of directors of his employer, HSBC, was allegedly […]

February 14th, 2015 | Posted in Blog | Read More »

Bill Black: We’ve given bankers a licence to defraud

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February 7th, 2015 As a U.S. Federal litigator, Bill Black had a pivotal role in ensuring that hundreds of the bankers behind the U.S. savings and loan crisis of the late 1980s were put behind bars. Since then, he’s become increasingly exasperated by his country’s failure to prosecute any senior bankers for the much more serious and more damaging […]

February 7th, 2015 | Posted in Blog | Read More »

FCA colluded to cover up alleged HSBC fraud

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January 23, 2015 (corrected March 2, 2015. See note) When John Griffith-Jones and Martin Wheatley, chairman and chief executive of the Financial Conduct Authority, appear before the Treasury Select Committee at 9.30am next Tuesday, 27 January, the 13 MPs on the committee have an unprecedented opportunity to establish whether the FCA, just like its predecessor the FSA, is colluding with banks to cover up […]

January 23rd, 2015 | Posted in Blog | Read More »

Paul Mason is right to be angry with RBS

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November 12th, 2014 This is brilliant off-the-cuff reporting by Paul Mason, economics editor of Channel 4 News. It’s all very well for the Royal Bank of Scotland’s chief executive Ross McEwan to claim to be angry that some of his bank’s traders rigged the FX markets in order to rip off the bank’s clients and counterparties. But I […]

November 12th, 2014 | Posted in Blog | Read More »

Was Mallett thrown to the wolves to save BoE’s skin?

Photo: Andrew Winning/Reuters

November 12th, 2014 Guest Post by Rowan Bosworth-Davies One of the major unexplained elements in the foreign exchange (forex) rigging case is the level of knowledge of manipulative activity possessed by the Bank of England. If it, as a leading market participant and a regulator, had prior knowledge that the forex markets were being manipulated, or […]

November 12th, 2014 | Posted in Blog | Read More »

Danny MacAskill takes stunt cycling Skye high

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October 2nd, 2014 This is easily the best Danny MacAskill video ever. I particularly like the bit where the fearless stunt cyclist is perched on top of the Inaccessible Pinnacle, adjacent to the summit of Sgurr Dearg. The seeming nonchalance with which MacAskill climbs the “In Pin”, as it’s called, with his bike on his shoulder, and the […]

October 2nd, 2014 | Posted in Blog | Read More »

Why Cameron should change tack and abide by the spirit of Edinburgh

The prime minister, David Cameron, and the Scottish first minister, Alex Salmon

September 16th, 2014 In an interview broadcast on BBC1 earlier this evening, David Dimbleby asked Scotland’s first minister, Alex Salmond, for his views on possible currency and financial market turmoil in the event of a “Yes” vote in the Scottish independence referendum. Dimbleby was implying that, in the event of a “Yes” vote this Thursday, markets will […]

September 17th, 2014 | Posted in Blog | Read More »

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