EDM 674 BANKS AND TAX AVOIDANCE 03.02.2009 Mitchell, Austin That this House is concerned that banks financed by the UK taxpayer through credit, loans, guarantees,
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I note the National Institute of Economic and Social Research says the banking collapse will cost the Exchequer £14 billion a year. And I reckon
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This from Prem Sikka: [T]he US statistics show that just five banks have derivatives with a face value of some $170tn (see page 12 here).
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From the Guardian blog by Vince Cable: In the case of the UK-based global banks, we have also painfully discovered in recent weeks that the
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The BBC web site offered the rebuttals made by the four banks which were the subject of the research published by the TUC on their
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From Bloomberg: Britain’s main banks should provide more detail of their activities in offshore financial centers such as the Cayman Islands and Jersey, a union
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I can’t resist recording this from Adair Turner’s speech as chair of the Financial Services Authority this week: Not all innovation is equally useful. If
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The Observer carries a story this morning that HSBC and HBOS have both failed to comply with a very basic requirement of company law. As
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Why nationalise the banks? Some see this as purely a defencive move before clearing them of toxic assets and refloating them. I don’t. I see
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