Archive: Bankers

Skyscrapers in the City of London, which is fighting the moves to criminalise wrongdoing bankers

Cameron pledges criminal penalties for bankers

David Cameron appeared to back down in the face of calls for criminal penalties for bankers today, when he pledged to bring forward recommendations made by a parliamentary commission.

Opinion Former Articles

  • FSB: When will big bankers take responsibility for this litany of scandals?

    The Federation of Small Businesses (FSB) welcomes the FSA’s ruling that Interest Rate Swap Agreements (IRSAs) were mis-sold to small businesses. But in addition to the moratorium imposed on the sale of these swaps, the FSB also wants an immediate suspension of repayments on these products.

  • FSB: Banks must not use ICB as a means of raising cost of finance

    The banks must not use the reform of the banking sector as an excuse to increase the cost of borrowing once the Independent Commission on Banking (ICB) has laid out its recommendations, says the Federation of Small Businesses (FSB).

  • FSB: ICB recommendations must be put in place sooner rather than later

    The Federation of Small Businesses (FSB) fully welcomes the recommendations set out by the Independent Commission on Banking (ICB) on reform of the banking sector, but believes that the recommendations should be in place before the end of this Parliament.

  • ESRC: Parliament's power has shifted to the banks

    A recent report by Positive Money into the UK's banking system has highlighted that the banks have more spending power than the Government. But, unlike the Government, the banking system is not accountable to voters and its power is concentrated in the hands of a few people. Five banks, with branches on most high streets, hold 85 per cent of the UK's money and they have less than 80 board members - individuals whose decisions have the power to shape the economy.

  • Ed Miliband gives speech on 'responsibility'

    Miliband unites the scandals

    Ed Miliband tried to muster residual anger over MPs' expenses and the banking crash as he sought to accelerate the momentum of the phone-hacking scandal in a speech later.

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