Breaking the Bankruptocracy: CommonSpace special week of coverage 10 years after the Crash
CommonSpace wants to hear your ideas on alternatives to bankruptocracy during our special week of coverage – email firstname.lastname@example.org
15 SEPTEMBER will be exactly 10 years since the Lehmann Brothers US investment bank collapsed, the key moment in the great financial crisis of 2008.
We all know what happened next – the losses were socialised while the bankers kept their profits and bonuses. While home owners faced repossession, the bankers quickly got back to the same old tricks.
'What happened at the bank had nothing to do with my nationality': former jailed banker Kweku Adoboli on his fight against imminent deportation
Facing the possibility that his deportation could begin at any moment, the former banker at UBS jailed in 2012 for fraud talks to CommonSpace about the motivations behind the ‘hostile environment’ policy and how our society is driven by ‘extractive capitalism’
KWEKU ADOBOLI, the former banker at UBS who was convicted in 2012 for fraud, could potentially be picked up at any moment and transported to a detention centre ahead of his potential deportation to Ghana, the nation of his birth.
'Toothless' FCA lets RBS off the hook for immiserating thousands of small business customers
Critics argue that, despite FCA protestations, the City watchdog could have done more to hold those responsible to account
THE FINANCIAL CONDUCT AUTHORITY (FCA) has faced strong criticism following the announcement that it will take no disciplinary action against the Royal Bank of Scotland (RBS) over the misconduct of the bank’s Global Restructuring Group (GRG).