{"id":9491,"date":"2011-04-05T10:10:18","date_gmt":"2011-04-05T08:10:18","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9491"},"modified":"2011-04-07T21:24:12","modified_gmt":"2011-04-07T20:24:12","slug":"diamond-wants-to-screw-you","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/05\/diamond-wants-to-screw-you\/","title":{"rendered":"Diamond wants to screw you"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/f49caaac-5eef-11e0-a2d7-00144feab49a.html#ixzz1IdMbkgEs\">FT reports<\/a>:<\/p>\n<blockquote>\n<p>Bob Diamond has decided Barclays must increase its risk appetite amid internal expectations at the bank that a key measure of its profitability will fall or stay stagnant this year.<\/p>\n<p> Barclay's new chief executive is considering increasing the bank's risk profile, in order to hit profitability targets over the next three years, according to people familiar with the bank's thinking.<\/p>\n<\/blockquote>\n<p>What does this mean?<\/p>\n<p>In plain language it means Bob Diamond is plannign to screw us all.<\/p>\n<p>Risk in banking terms means, quite simply either charging us more or pushing the whole banking edifice nearer the precipice of another global crash knowing that governments underwrite their upside.<\/p>\n<p>If ever there was reason why the UK's Banking Commission should demand the break-up of banks such a message from Bob Diamond provides all the justification needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT reports: Bob Diamond has decided Barclays must increase its risk appetite amid internal expectations at the bank that a key measure of its<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/05\/diamond-wants-to-screw-you\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,2],"tags":[],"class_list":["post-9491","post","type-post","status-publish","format-standard","hentry","category-banking","category-barclays"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=9491"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9491\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}