Category - banking

  • August 10, 2012

    The need to restructure the economy and redefine banking in terms of community and environment is being stressed at the Festival of Spirituality and Peace.

  • July 25, 2012

    Crime has been falling overall, according to the police, but we are in the middle of a crime wave which affects thousands of people but does not get recorded in the crime statistics.

    It is hard to see how mis-selling payment protection insurance, for example, is anything other than 'obtaining pecuniary advantage by deception'; banks are paying billions of pounds in compensation to millions of customers, but are not being prosecuted, because selling worthless insurance was apparently within the letter of the law.

  • June 29, 2012

    In response to the latest banking-gone-bad crises, the Christian Socialist Movement is promoting its 'Put Your Money Where Your Mouth Is' initiative.

  • March 10, 2012

    The Jubilee Debt Campaign have warned the UK government that London courts could be used by vulture funds trying to sue Greece over unpaid debt.

  • January 24, 2012

    As Ireland prepares to pay the latest instalment on the debts run-up by 'zombie' bank Anglo Irish, UK debt campaigners are planning to protest.

  • January 21, 2012

    Occupy London, itself battling eviction from outside St Paul's Cathedral, has repossessed Roman House, an abandoned financial services office building.

  • January 12, 2012

    Is there no limit to the number of exploitative and violent institutions that Stonewall is prepared to endorse? Having already made awards to the likes of Goldman Sachs and the Royal Navy, Stonewall yesterday gave prizes to Ernst & Young, Barclay’s and MI5 for their supposedly gay-friendly employment practices.

  • November 18, 2011

    Occupy London has announced its takeover of a huge abandoned office block in the borough of Hackney belonging to controversial investment bank UBS.

  • September 16, 2011

    Much has been written today about Kweku Adoboli, the “rogue trader” who lost £1.3 billion of other people’s money. One fact that has received little attention is that he went to a Quaker school.

  • August 22, 2011

    Many economic commentators, and those working in banking and finance, thought that the worst of the global economic recession had gone away. They were wrong. It looks to be back with a vengeance.