10 years since the crash: Where did banking go wrong, and how do we fix it?
10 years on from the financial crash, how Britain was brought to the brink of collapse
A DECADE on from the crash of 2008, major questions are still unanswered about how successive governments and global financial elites led Britain to the brink of financial ruin. How did they get it so wrong?
Analysis: What would RBS have to do for the kow-towing from politicians to end?
RBS have once again been forced to pay a fine for reckless and potentially criminal behaviour. The list of offences is a long one, it’s owned by the state – but still our politicians are silent
SERIOUS fraudster. Multiple-offender. Destroys small businesses. Broke the economy. Rewards pure greed. Drains cash-strapped local authorities to finance PFI. Terrible at servicing its customers. Will likely break the economy again in the near future.
“Like quasi-organised crime”: As RBS is declared UK’s worst bank, 66% of Britons distrust banking sector
New poll from banking reform group Positive Money shows 72 per cent believe banks should have faced harsher penalties after financial crisis as RBS agrees to pay £3.6 billion for misconduct
A MAJORITY of the British public do not trust banks to work in the UK’s interests, believe that banks should have faced greater penalties for their role in the 2008 financial crisis, and worry that the banking sector may cause further economic disaster, new polling has revealed.
'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).
Growth Commission: Sticking with UK banking regulation rulebook would be a ‘curious misstep’, finance experts say
Adopting UK banking regulations in an independent Scotland would be at odds with the work of the SNP in Westminster, according to former SNP MP George Kerevan
FINANCE campaigners and experts have told CommonSpace that the plans in the Sustainable Growth Commission to adopt the UK’s financial regulation rule-book in an independent Scotland would be a “curious misstep”.
RBS accused of committing a “fraud on the people” over LOBO loans at AGM
Campaigners call on local authorities, including Edinburgh City Council, to take action against the loans and ensure hundreds of millions are saved for local taxpayers
RBS has been accused of committing a “fraud over the people” and seeking to extract the “maximum interest possible” from local authorities struggling with austerity cuts due to the role the bank places in LOBO loans.