Banks

Dairy farmers and shoppers ‘ripped off’ by bankers

Dairy farmers and shoppers are being ripped off by bankers who are rigging the money markets, a regional chairman of the National Farmers Union has warned. Farmers claim that the manipulation of foreign exchange rates has hit the subsidy they receive from the European Union, threatening their livelihoods. They warned that the banks are “stealing… [Continue Reading]

Why isn’t Wonga in the dock?

Consumer groups and an MP are demanding a police inquiry into Wonga after evidence emerged it sent bullying letters from fake law firms to threaten customers who were behind on repayments. Britain’s biggest payday lender was yesterday named and shamed by a City watchdog, which ordered it to pay more than £2.6million in compensation to… [Continue Reading]

The IMF warns over housing bubble

The IMF said the UK’s economy has rebounded strongly and growth is becoming more balanced, suggesting that the recovery has momentum. It also said that the good macroeconomic performance is expected to persist. However it believes the housing market presents a risk to this outlook: “House price inflation is particularly high in London, and is… [Continue Reading]

RBS and Lloyds Banks ‘destroying small firms’ – accused of ‘unscrupulous’ practices

Britain’s two State-backed banks have been accused of ruining thousands of small firms by using ‘unscrupulous’ business practices. Royal Bank of Scotland and Lloyds ‘harmed their customers through their decisions and caused their financial downfall’, according to a bombshell report released today. RBS is said to have acted like a ‘hit squad’ by deliberately causing… [Continue Reading]

Co-op Group boss dramatically quits over ex-banking chief caught buying crystal meth and cocaine

The head of the Co-op dramatically quit today after serious questions were raised about how a crack cocaine addict to become chief of its banking arm. Len Wardle resigned as chairman of the Co-operative Group with immediate effect. He admitted ‘serious questions’ were raised by the drugs scandal over former banking chairman Paul Flowers. Mr… [Continue Reading]

Santander Made Child Sex Abuser an Executive Boss

A convicted paedophile has been forced to quit his job as a senior manager at Santander, the Spanish banking group. Former priest Stephen Brooks led an executive team at the bank and even judged its award for “responsible business of the year”. Brooks, 59, was managing director of Santander’s UK corporate banking healthcare team. He… [Continue Reading]

Help Re-Introduce The Bradbury Pound

Nigel Farrage has admitted that the Bank of England needs to be nationalised. He is seemingly the only UK politician who even dares to address the topic of money being produced out of thin air, which is then sold to the government. The Bradbury Pound was issued in the early twentieth century and was legal… [Continue Reading]