UK Banking

'Stop Demonising Bankers'

PA/The Huffington Post UK | Posted 19.05.2013 | UK

Sir Mervyn King has called for an end to the demonisation of bankers over the financial crash, insisting the problem was with the system rather than i...

Break Up the Banks - Too Big, Too Powerful, Too Risky

Peter G Tatchell | Posted 16.05.2013 | UK Politics
Peter G Tatchell

The calls for banking reform are growing. About time. The big crash was more than five years ago. Since then we've had Libor rate-fixing, bonuses for failed financiers, massive fines for malpractices by leading banks, mis-sold PPI, interest rate swaps, fraud, money-laundering and tax dodging. Scandal after scandal. Are we mugs or masochists? Why do we put up with it? The rot has got to stop.

WATCH: Bill Oddie Gets Evicted From HSBC

The Huffington Post UK | Posted 15.05.2013 | UK Comedy

Hate bankers and love Bill Oddie? You've come to the right place! The comedian-presenter has made a video for Global Witness which sheds light on H...

Co-Op Defends Banking Operations After 'Disappointing' Downgrade

PA | Posted 10.05.2013 | UK

The Co-op has defended its banking business after a ratings agency said it may need "external support" to maintain regulatory capital levels. In a ...

It's All No Change at the Top

Nick Abbot | Posted 29.04.2013 | UK Politics
Nick Abbot

The real problem with any shareholder uprising against the undeserved meteoric rise in boardroom pay is that most shareholders couldn't care less what the people at the top pay themselves. Big institutional investors don't want to drive down executive rewards because they are also executives who want to get rewarded.

Why I am a Feminist: Born in Morocco, Then a Parisian Banker - Now a Gender Campaigner

Karen Ruimy | Posted 25.04.2013 | UK Lifestyle
Karen Ruimy

Feminism means that gender equality should become the norm. It is a work of changing the mentalities now and here, the wrong habits of inequality in our world. I was born in Casablanca in Morocco and grew up in Paris; I was exposed to gender inequality early on in my life, and have always striven to fight openly against it.

Why Has Lloyds Branch Sale To Co-op Collapsed?

PA/Huffington Post UK | Posted 24.04.2013 | UK

Lloyds Banking Group's sale of more than 600 branches to the Co-operative Group has collapsed. Part-nationalised Lloyds, which is being forced by Euro...

'Britain Is In A Depression, Not Recession'

PA | Posted 22.04.2013 | UK

The Archbishop of Canterbury has delivered a stark warning that Britain is in an economic depression and could take a generation to recover. The Rt...

Why I Stopped Being a Banker

Karen Ruimy | Posted 19.04.2013 | UK Lifestyle
Karen Ruimy

I moved into the banking industry as soon as I graduated - it seemed the obvious thing to do when you are good with figures and have a head for business. But then I decided to give it all up on the search for something else, something bigger. I needed to answer all those questions that had been making their presence felt in my life and in my head for some time.

Class A Myth-Making

Seth Freedman | Posted 17.04.2013 | UK
Seth Freedman

Despite using cocaine every night for the final three of my six years working in the City, I only once traded high - and, after an horrific eight hours getting increasingly jumpy and disconcerted, quickly learned never to do it again.

Take My Knighthood Back, Says Bank Boss

PA/The Huffington Post UK | Posted 10.04.2013 | UK

The former boss of HBOS has asked for his knighthood to be revoked because of the bank's scandalous collapse. Sir James Crosby, who was the Chief E...

Margaret Thatcher: Friend of Gold, Not Gold Bugs

Adrian Ash | Posted 09.04.2013 | UK Politics
Adrian Ash

Whatever your view of Margaret Thatcher and her legacy, she was a sure friend of gold. Long before she abolished exchange controls in 1979, she had barked against the Gold Coins Order of 1966 in Parliament, calling it "the final indignity" of the then-Labour government's economic mismanagement.

Banking Reforms - Is the Tail Wagging the Dog?

Tom Davies | Posted 28.03.2013 | UK Politics
Tom Davies

The politicization of banking reforms makes a mockery of the problem at hand. Regulators at all levels should have unchecked power to impose reforms as they see fit. When it comes to regulation, the Basel committee should not be making concessions to the private sector whatsoever.

Russia's Initiatives for the BRICS

Sergei Katyrin | Posted 27.03.2013 | UK Politics
Sergei Katyrin

This week South Africa hosts the fifth Brics summit, completing the first 'cycle' of summits that began in Yekaterinburg in 2008. Individually no-one disputes the group has flourished since then. Our respective economies have each grown apace in what have been very difficult circumstances.

How a Banking Crisis Can Kill You

Dr Raj Persaud | Posted 21.05.2013 | UK
Dr Raj Persaud

A banking crisis on average is connected with a 6.4% short-term increase in cardiovascular disease mortality in high income countries, and for low-income countries, the estimated effect is roughly four times as large, with a banking crisis corresponding to a 26.0% increase in mortality.

Cyprus: Big Lie of the Financial Crisis Finally Explodes

Adrian Ash | Posted 18.05.2013 | UK Politics
Adrian Ash

Putting cash on deposit makes you a creditor. And in financial crises, the creditor always pays in the end (borrowers can't; they don't have any money). Whether through inflation, default or a 'levy', savers are sure to suffer in the end.

Cyprus: Shocking Reports Of People Being Robbed By Banks

The Huffington Post UK | Andrea Mann | Posted 18.03.2013 | UK Comedy

Millions of people across Cyprus are being robbed by their banks, HuffPost UK Comedy has learned. The robberies have been taking place at cash - ra...

Don't Put Funding for Lending on Steroids, Put It on CDFIs

Ben Hughes | Posted 15.05.2013 | UK Politics
Ben Hughes

Nick Clegg has spoken this week of the need to extend the Funding for Lending scheme and "put it on steroids". George Osborne, Vince Cable and the Bank of England are also desperate to get the scheme working for small businesses.

British Pounds: The Horsemeat Burgers of the Currency World?

Harry Cooper | Posted 14.05.2013 | UK Politics
Harry Cooper

Yesterday a man decided that the pound's value against the euro and the dollar was 'just about right'. As a result, the pound stopped weakening against the euro and the dollar, as it has been doing so for several months. I was disappointed. I get paid in euros so I benefit from the pound being weak.

Co-Op Pledges 40% Female Representation By 2018

PA/The Huffington Post UK | Posted 13.03.2013 | UK

The Co-operative is to set new targets for increasing the number of women on its boards under moves to make them more representative of the communitie...

Osborne's Banking Reforms 'Unconvincing', Commission Says

The Huffington Post UK/PA | Charlie Thomas | Posted 11.03.2013 | UK

Britain's banks and the Chancellor came under fire from the Parliamentary Commission on Banking Standards on Monday after the government was criticise...

How Many Barclays Staff Are Paid More Than £1m A Year?

PA | Posted 08.03.2013 | UK

More than 400 workers at banking giant Barclays were paid £1 million or more last year, including five who got more than £5m, despite a year of scan...

RBS Apologises After Technical Problems Leave Customers Without Cash

PA/The Huffington Post UK | Posted 06.05.2013 | UK

The RBS banking group has apologised to its millions of customers after a technical problem left them unable to access accounts or withdraw money for ...

Charlie Thomas

Will Spending £5m On Helping Young People Find Work Make You Like Barclays Again?

HuffingtonPost.com | Charlie Thomas | Posted 07.03.2013 | UK

Barclays has launched a new campaign aimed at helping young people get into the workplace after school, putting £5 million of its own money into the ...

RBS Plan Is 'A Nonsense', Scolds Mervyn King

The Huffington Post UK | Charlie Thomas | Posted 06.03.2013 | UK

Sir Mervyn King dismissed the Royal Bank of Scotland's turnaround strategy as "a nonsense" and called for the bank to be split in two to make it easie...