Much of the new money the Bank of England has "printed" to stimulate the UK economy is ending up abroad where it will be of no benefit to UK households and businesses, according to an analysis of the Bank's "quantitative easing" programme.
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Now there's a surprise. NOT!
Showing posts with label UK banking scam. Show all posts
Showing posts with label UK banking scam. Show all posts
Saturday, March 14, 2009
Sunday, March 08, 2009
Exposed: The Banks’ Cosy Ties to Watchdog
Fallon has said that allowing banks to report on the FSA’s staff is “monstrous” and has attacked Hector Sants, chief executive of the City watchdog, who dismissed the allegations when quizzed on the procedure last month. “This practice perfectly illustrates how the City watchdog became a lapdog to the banks,” Fallon said
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Saturday, February 21, 2009
RBS Gets Around Promise to End Cash Bonuses
Royal Bank of Scotland is offering immediate payments to staff who are owed bonuses despite promising the Government that it would not give them cash payouts.
The Times has learnt that RBS, which is 68 per cent owned by taxpayers after a £20 billion government bailout, is offering its staff loans against the bonuses that they are owed but which have been deferred until 2010 under a deal with the Government.
RBS had lobbied hard to be allowed to pay a cash element of the bonuses and critics will see the loan scheme as a way to get around the Government’s refusal to allow it to do so. The bank, which will pay out about £1 billion of bonuses, had agreed to defer about £650 million of that after intense political criticism.
RBS employees who take up the loan offer will be entitled to upfront payments of up to 30 per cent of their bonus, spread over the next three years, with up to 12 per cent available now.
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They are proving they will do anything to stiff you the tax payer. It is so blatent, wake up and do something!
The Times has learnt that RBS, which is 68 per cent owned by taxpayers after a £20 billion government bailout, is offering its staff loans against the bonuses that they are owed but which have been deferred until 2010 under a deal with the Government.
RBS had lobbied hard to be allowed to pay a cash element of the bonuses and critics will see the loan scheme as a way to get around the Government’s refusal to allow it to do so. The bank, which will pay out about £1 billion of bonuses, had agreed to defer about £650 million of that after intense political criticism.
RBS employees who take up the loan offer will be entitled to upfront payments of up to 30 per cent of their bonus, spread over the next three years, with up to 12 per cent available now.
Read more...
They are proving they will do anything to stiff you the tax payer. It is so blatent, wake up and do something!
Wednesday, February 18, 2009
Redundant UK Bankers to be Offered Government Jobs
Bankers who lost their jobs in the credit crunch are to be offered work in the Treasury as Alistair Darling beefs up his department to try to keep pace with the financial crisis.
The chancellor is looking to hire up to 70 people, with a focus on sharpening up the Treasury’s dealings with the Square Mile. He is expecting a flood of applications from former bankers.
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The foxes guarding the henhouse!
The chancellor is looking to hire up to 70 people, with a focus on sharpening up the Treasury’s dealings with the Square Mile. He is expecting a flood of applications from former bankers.
Read more...
The foxes guarding the henhouse!
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