Something that most people can agree on is that banking culture has to change, but a fresh perspective is needed, writes a graduate analyst working at...
Bank of England governor Mark Carney has said the big banks have to change their culture in order to play a more socially and economically useful...
A government adviser has warned banks that abusive practices could hinder Britain’s economic prosperity, saying, “It is time for growth, not greed.” Lawrence Tomlinson, entrepreneur in...
Most commentators seem to agree that a return to ‘back to basics’ banking is needed if we are to avoid the kind of speculative bubbles that...
The Royal Bank of Scotland (RBS) has been fined £5.6m by the banking regulator, after incorrectly reporting more than 44m transactions made with other banks and...
Some 2,436 City bankers received annual wages in excess of £870,000 in 2011, according to the European Banking Authority (EBA), as the row over excessive pay...
Sending senior bankers to prison for reckless behaviour may not bring about the wholesale positive changes regulators expect, according to the law profession’s trade body. The...
Twenty-two years ago today, after the Bank of England’s Operation Sandstorm inquiry uncovered “widespread fraud and manipulation”, the Bank of Credit and Commerce International (BCCI) was...
The banking regulator, the Financial Conduct Authority (FCA), has said that some of the biggest UK banks are still at risk of being used by criminals...
Mark Carney entered the Bank of England’s (BoE) offices on Threadneedle Street in London for the first time as governor this morning. He is tasked with...
Recent developments at the Co-operative Bank highlight not only the frailty of larger banking institutions, but also the desperate need for sustainable alternatives. First, the Co-operative...
Everything we do is governed by money, and money cannot be good unless it is directed towards good ends, according to leading economic historian. Lord Skidelsky,...
“Any other business?” asked Ecology Building Society chair Malcolm Lynch, obligatorily, at the end of the organisation’s annual general meeting (AGM) in Leeds last month. A...