Too big to fail, the banks are now too powerful to constrain
Tags: BANKING industry -- Great Britain; HESTER, Stephen; ROYAL Bank of Scotland; GREAT Britain -- Politics & government -- 2007-
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Brief information is given about Royal Bank of Scotland Group PLC's chief executive officer Stephen Hester's sale of a final tranche of a controversial stock award which leaves him with 5.4 million shares of the bank that he can sell at any time.
- Toxic assets. // New Statesman;11/9/2009, Vol. 138 Issue 4974, p40
Presented is an interview with Adam Ramsay, an activist with People and Planet, an environmental organization. The central focus of the article is the campaign to end the investment by the Royal Bank of Scotland, an organization that received a significant British government bailout, in...
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- We are entitled to ask for decisions to be made in the public interest. Coyle, Diane // New Statesman;12/15/2008, Vol. 137 Issue 4927, p30
In this article the author discusses the fact that the British government is a major shareholder in some of the countries most prominent banks and financial services organizations. She advocates for the government to be part of all decision making at financial institutions as it has a duty to...
- If banks don't start taking risks, the recession will run and run. Benaim, Solly // Estates Gazette;10/10/2009, Issue 940, p44
The author urges the government of Great Britain to take action to prevent banks from refusing to resume lending. The author relates the decision of some banks to sell repossessed properties to their own subsidiaries to avoid selling to the open market. The author emphasizes the lack of...
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In this article the author discusses aspects of British politics current during the week of January 17, 2011. The central focus of the article is on Ed Miliband, the leader of the Labour Party, and his need to question the government on the bonuses paid to British bankers. The author notes that...
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In this article the author comments on the British coalition government made up of the Conservative Party and the Liberal Democrats under the leadership of prime minister David Cameron. The central focus of the article is the government's emphasis on banking. The author is of the opinion that...
