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19/06/2013
Report Calls For Jail Terms For 'Reckless' Bankers
A long-awaited banking report has called for the jailing for senior bankers guilty of reckless misconduct.
Following a number of banking scandals last year, chancellor George Osborne established the Parliamentary Commission on Banking Standards to review the industry and the conduct of bankers.
The reported, welcomed by the Treasury, also calls for the withholding of bonuses for up to 10 years as it criticised the lack of accountability for bankers.
Promising to respond to the report before the summer recess, a spokesman for the Treasury is quoted by the BBC as saying: "Where legislation is needed, we have said we will support it, and the banking bill currently before Parliament can be amended to ensure they are quickly enacted."
(MH/CD)
Following a number of banking scandals last year, chancellor George Osborne established the Parliamentary Commission on Banking Standards to review the industry and the conduct of bankers.
The reported, welcomed by the Treasury, also calls for the withholding of bonuses for up to 10 years as it criticised the lack of accountability for bankers.
Promising to respond to the report before the summer recess, a spokesman for the Treasury is quoted by the BBC as saying: "Where legislation is needed, we have said we will support it, and the banking bill currently before Parliament can be amended to ensure they are quickly enacted."
(MH/CD)
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'Cancel Queen's Speech' Urges Clegg
Lib Dem Leader Nick Clegg has called on the government to cancel the Queen's Speech to Parliament on Wednesday. Mr Clegg said time would be better spent working on reforms to "clean up politics".
'Cancel Queen's Speech' Urges Clegg
Lib Dem Leader Nick Clegg has called on the government to cancel the Queen's Speech to Parliament on Wednesday. Mr Clegg said time would be better spent working on reforms to "clean up politics".
25 November 2013
Mortgage Lending Takes 'Slight Dip' In October
The number of mortgages agreed in the UK fell slightly in October, according to an industry report. The British Bankers Association (BBA) report that 42,808 loans were approved by UK banks last month, down by 375 on the number in September.
Mortgage Lending Takes 'Slight Dip' In October
The number of mortgages agreed in the UK fell slightly in October, according to an industry report. The British Bankers Association (BBA) report that 42,808 loans were approved by UK banks last month, down by 375 on the number in September.
18 January 2013
Banks Ask For PPI Cut-Off Deadline
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Banks Ask For PPI Cut-Off Deadline
The Financial Services Authority (FSA) has been asked by UK banks to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.
25 November 2008
Mortgage Approvals Fall By 52%
Mortgage lending has fallen again over the 12 months to October, according to latest figures released from the British Bankers Association (BBA). The number of mortgages approved for house purchases was down to 21,584 - 52% lower than a year earlier. Meanwhile net lending for mortgages rose by £2.9 billion last month, compared with £3.
Mortgage Approvals Fall By 52%
Mortgage lending has fallen again over the 12 months to October, according to latest figures released from the British Bankers Association (BBA). The number of mortgages approved for house purchases was down to 21,584 - 52% lower than a year earlier. Meanwhile net lending for mortgages rose by £2.9 billion last month, compared with £3.
01 May 2009
MPs Slam Bankers For 'Astonishing Financial Mess'
Britain's top bankers have been accused of making an "astonishing mess" of the financial system, in the latest report from MPs. In the Treasury Select Committee's second report on the financial crisis, the committee said it had been caused by the banks' own reckless behaviour.
MPs Slam Bankers For 'Astonishing Financial Mess'
Britain's top bankers have been accused of making an "astonishing mess" of the financial system, in the latest report from MPs. In the Treasury Select Committee's second report on the financial crisis, the committee said it had been caused by the banks' own reckless behaviour.
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