News2 mins ago
Barclays
Bob Diamond falls on his sword, not before time.
Shame on the banking system for failing their customers, and pursuing a regime of greed. As one of their long time customers i am seriously considering taking any money out and putting it in somewhere safe, under the mattress perhaps..
Shame on the banking system for failing their customers, and pursuing a regime of greed. As one of their long time customers i am seriously considering taking any money out and putting it in somewhere safe, under the mattress perhaps..
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doesn't look happy, suggest that those who do this should never work in the industry again. Now for Hester and his cohorts.
http://www.bbc.co.uk/news/business-18685040
http://www.bbc.co.uk/news/business-18685040
this is a total disgrace, and shows exactly how some of these banks perceive their customers.
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1) Nice to see trial b Politcian and the Press is back in fashion, all we need now are vigilante lynch mobs.
2) Just how has Diamond affected the majority of Retail Customers, the attempt to manipulate the libor was just that, an attempt and anyway money is not just bporrowed in the UK by International Banks
3) These 'scandals' happened btween 2005 and 2008 (Under LABOURS WATCH) and were related to Investment Banking.
4) Why were none of you crying 'Shame on you' when the investment Banks were reaping in millions that we all benefited from (and we did whether you like it or not)
5) Banks will get us out of this mess. Continual Banker bashing, especially by the left (who let it happen in the first place) will not place the UK in a good light. Banking is the basis of GDP, we need it to work.
6) Will all CEO positions now be diecided by Parliament? One step nearer to a Dictatorship if you ask me.
7) Do you really want a return to 'good old fashioned Bankning' ie no free accounts, difficult to get a load etc etc? Retail Banking is not that profitable.
Yes, if someone breaks the law they should be punished, but the way this is being handled is appalling. Probabaly millions people owe there living to Bank work and they are diligent and hard working.
What we need is 1) A special Police (specialised SFO) attached with the FSA. We then need to enable Juries on these sorts of cases to be selected from people who have specialist knowledge. What we dont need are expensive Leverson enquiries pouring millions into Millibands lawyer mates' pockets.
2) Just how has Diamond affected the majority of Retail Customers, the attempt to manipulate the libor was just that, an attempt and anyway money is not just bporrowed in the UK by International Banks
3) These 'scandals' happened btween 2005 and 2008 (Under LABOURS WATCH) and were related to Investment Banking.
4) Why were none of you crying 'Shame on you' when the investment Banks were reaping in millions that we all benefited from (and we did whether you like it or not)
5) Banks will get us out of this mess. Continual Banker bashing, especially by the left (who let it happen in the first place) will not place the UK in a good light. Banking is the basis of GDP, we need it to work.
6) Will all CEO positions now be diecided by Parliament? One step nearer to a Dictatorship if you ask me.
7) Do you really want a return to 'good old fashioned Bankning' ie no free accounts, difficult to get a load etc etc? Retail Banking is not that profitable.
Yes, if someone breaks the law they should be punished, but the way this is being handled is appalling. Probabaly millions people owe there living to Bank work and they are diligent and hard working.
What we need is 1) A special Police (specialised SFO) attached with the FSA. We then need to enable Juries on these sorts of cases to be selected from people who have specialist knowledge. What we dont need are expensive Leverson enquiries pouring millions into Millibands lawyer mates' pockets.
@ Youngmaf - what a load of tripe.
Its good news that Bob Diamond has finally gone- it was he where the buck stopped when it came to Barclays, and it was he who presided over a culture of arrogance and excessive greed.
1. After the succession of calamaties that the banks have been instrumental in, through unfettered greed, a bit of banker bashing is the very least they should expect.Have you forgotten the global financial meltdown, the taxpayer funded bailouts of institutions that were "too big to fail", the refusal to accept their part in the problem and insistence on ridiculously large bonuses, just for doing their job - and for many, a pisspoor performance too!
2.They didnt just "attempt" to manipulate LIBOR - they did. A system that underpins trillions of dollars worth of financial transactions, it is difficult to imagine anyone who hasnt been affected.
3. I do not care whose political watch it happened on, but as a point of interest - it was Thatchers tory government that first unfettered the financial institutions, remember? To try and claim that the tories disagreed with New Labours "light touch" regulation, or would have been any stricter with state regulation is both ludicrous and facile.
4.The banks and some of the larger multinationals are playing taxpayers of all nationalities for fools, talking about relocating and the implied threat of loss of revenue- let em! Its an empty threat and a bluff, and they well know it. Look at the ways in which the companies avoid tax - corporation tax is nominally at around 27-30% in the UK - Companies like Vodaphone and Barclays pay a fraction of that - and you claim that we should feel grateful to the banks, or to excuse them their naked greed and hypocrisy when the crap hits the fan? More nonsense...
Bash em more - impose stinging financial penalties for institutions when they are found to be in breach of regulations, impose a tobin tax on financial transactions andfine both banks and individual traders for breaking the law, or lies and malpractice, gross incompetence or overweaning arrogance and greed - then we might end up with a financial system that is worthy of having...
A public enquiry into the laxity of the financial system would be an excellent way of shining a spotlight on the practices that lead to the financial systems meltdown in 2008-2009, the culture of big bonuses, and let us all know what has been happening. It would be an excellent idea.
Its good news that Bob Diamond has finally gone- it was he where the buck stopped when it came to Barclays, and it was he who presided over a culture of arrogance and excessive greed.
1. After the succession of calamaties that the banks have been instrumental in, through unfettered greed, a bit of banker bashing is the very least they should expect.Have you forgotten the global financial meltdown, the taxpayer funded bailouts of institutions that were "too big to fail", the refusal to accept their part in the problem and insistence on ridiculously large bonuses, just for doing their job - and for many, a pisspoor performance too!
2.They didnt just "attempt" to manipulate LIBOR - they did. A system that underpins trillions of dollars worth of financial transactions, it is difficult to imagine anyone who hasnt been affected.
3. I do not care whose political watch it happened on, but as a point of interest - it was Thatchers tory government that first unfettered the financial institutions, remember? To try and claim that the tories disagreed with New Labours "light touch" regulation, or would have been any stricter with state regulation is both ludicrous and facile.
4.The banks and some of the larger multinationals are playing taxpayers of all nationalities for fools, talking about relocating and the implied threat of loss of revenue- let em! Its an empty threat and a bluff, and they well know it. Look at the ways in which the companies avoid tax - corporation tax is nominally at around 27-30% in the UK - Companies like Vodaphone and Barclays pay a fraction of that - and you claim that we should feel grateful to the banks, or to excuse them their naked greed and hypocrisy when the crap hits the fan? More nonsense...
Bash em more - impose stinging financial penalties for institutions when they are found to be in breach of regulations, impose a tobin tax on financial transactions andfine both banks and individual traders for breaking the law, or lies and malpractice, gross incompetence or overweaning arrogance and greed - then we might end up with a financial system that is worthy of having...
A public enquiry into the laxity of the financial system would be an excellent way of shining a spotlight on the practices that lead to the financial systems meltdown in 2008-2009, the culture of big bonuses, and let us all know what has been happening. It would be an excellent idea.
Sort of related: http://www.poetryfoundation.org/poem/241052 :)
some of you really dont get it do you.
Assuming theres no criminal proceedings (unlikely in the extreme) he will very shortly be in another top position earning the same money and some.
So hes gone from Barclays , big deal, people like him and at his level do not lose out, there might be a few principled organasations that wont touch him, but they are in the minority of minorities.
unless he decides to retire, by this time next year it will be business and big pay checks etc as usual.
there will be companies queuing for his services
Assuming theres no criminal proceedings (unlikely in the extreme) he will very shortly be in another top position earning the same money and some.
So hes gone from Barclays , big deal, people like him and at his level do not lose out, there might be a few principled organasations that wont touch him, but they are in the minority of minorities.
unless he decides to retire, by this time next year it will be business and big pay checks etc as usual.
there will be companies queuing for his services
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