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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.
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.
The Christian Socialist Movement has said that controversies over banking, phone hacking and MPs' expenses all show a failure to exercise power responsibly.
Searching questions were raised about banks’ role in society in a new report by a UK-wide church-based research and advocacy group
The New Economics Foundation says Britain faces further economic chaos as banks come to terms with a £25 billion funding gap in 2011.
The World Council of Churches has called on world leaders to put impoverished people first, instead of making priorities of big banks and military expenditure.
The Ecumenical Council for Corporate Responsibility and the Church of Scotland are delighted with the response to their recent ‘Banking on Justice’ conference.
Church and fair finance groups are due to meet in Edinburgh to look at what ethical and socially responsible banking and investment can mean for churches and the wider community.
Jubilee Debt Campaign today called on the British government to support a neutral debt arbitration system to radically reform international lending.
Faith in mathematical modelling looks little more than hubris after the recent economic collapse, says Giles Fraser. The unknown cannot be so easily tamed, as any half-decent theologian would know.