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A comparison of what the UK’s big four High Street banks reveal about their operations around the world shows that HSBC is currently the most secretive, says Christian Aid.
Proper regulation, accountability, transparency and rescaling are vital for the future of a banking sector that delivers for public good, say reformers.
The latest scandal to hit HSBC, Britain’s biggest bank, again throws a spotlight on the enormous failings of the finance sector. It is also a source of embarrassment for governments present and past – but also for the Church of England.
When Vince Cable recently called for workers to be given a seat on company boards, and a say on what their bosses are paid, the business community was predictably dismissive.
The government’s arms trade policy is in confusion today, following reports that the new trade minister has ethical concerns about promoting arms exports.