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Arguments for socialism :: Banking crisis
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Banking crisis
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28 June 2017
Barclays finally charged for having hands in till
After an investigation of six years, and over nine years following the events concerned, the Serious Fraud Office has finally decided to bring charges against Barclays bankers
23 November 2016
Lessons of the 'N30' 2011 pension strike
The fifth anniversary of the public sector pension strike allows an opportunity to reflect on the most significant and defining trade union struggle of the recent period.
29 May 2013
Rotten greedy banks still threaten crisis
On 15 September 2008, the big city bank Lehman Brothers went bust. Within days, lending between banks dried up. Andy Beadle reviews the BBC2 series Bankers.
24 June 2009
STEPHEN HESTER, the new boss at the Royal Bank of Scotland (RBS) who replaced disgraced chief executive Fred Goodwin, is in line to receive a £10 million pay package...
15 October 2008
Repossessions grow as banking crisis hits
THE FINANCIAL crisis is adding greatly to people's problems in getting decent housing. Despite prices of houses and flats falling at present, the previous huge price rises coupled with less disposable...
8 October 2008
Lessons of the 1990s recession in Japan
ECONOMISTS AND political leaders are looking to the recent economic history of Japan with growing fear. Is the US economy also heading for a 'lost decade'? asks Jared Wood, Oxford Socialist Party.
17 September 2008
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Unison Local Government strike 16-17 July in London, photo by Paul Mattsson |
29 November 2007
Northern Rock scandal: Nationalise the banks!
NORTHERN ROCK, the UK's fifth biggest mortgage lender, went into financial meltdown when it was forced to call on emergency funding from the Bank of England in September... By Elaine Brunskill, Newcastle Socialist Party
22 November 2007
Nationalise Northern Rock permanently to safeguard workers' interests
Editorial: WHEN THE Northern Rock bank went into crisis in September, the socialist unequivocally called for its nationalisation...
8 November 2007
Why Prince of mortgages resigned
CHARLES PRINCE, chairman and chief executive of the world's biggest bank, Citigroup, has resigned... By Dave Carr
4 October 2007
The governments's effective nationalisation of the deposits in the stricken Northern Rock bank and guarantee of deposits up to £35,000 in all banks, have not ended the financial turmoil... By Judy Beishon
27 September 2007
British banking crisis: Toxic system exposed
THE NEAR collapse of Northern Rock bank, accompanied by the most astonishing scenes of panic for generations outside its branches, has serious political implications for Britain and the government of Gordon Brown...
20 September 2007
Make the bankers pay: As panic spread that the building society Northern Rock was about to collapse, thousands of people queued overnight outside its branches to withdraw their hard-earned savings... By Hannah Sell, Socialist Party deputy General Secretary
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