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Arguments for socialism :: Banks
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23 September 2020
The intimate connections between organised crime, high finance and the capitalist state have been exposed
6 December 2017
The Royal Bank of Scotland wants to cut 259 branches and 1,000 jobs - while the Tories plan to sell it at a £26 billion loss
28 June 2017
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
29 March 2017
Between them, HSBC, Barclays, RBS, Lloyds, and Standard Chartered reported profits of £9 billion in tax havens - a massive 67% of their total.
10 August 2016
The banksters are at it again. Despite huge public anger at their role in the financial crisis of 2007-8 it seems no lessons have been learned. A new report warns that "we're sailing blindly into a second global financial crisis."
3 June 2015
The ongoing trial of former UBS and Citigroup trader, Tom Hayes, has revealed the huge scale of the 2012 Libor rate fixing scandal perpetrated by the major banks
6 August 2014
Deep in the heart of London, the world's largest centre for international finance, bankers are quivering in fear, writes Tessa Warrington.
29 May 2013
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.
10 April 2013
HBOS has been called the 'worst bank ever' after colossal losses resulted in a government-brokered merger with Lloyds and a subsequent taxpayer bailout of £20.5 billion, writes Matt Gordon, Bristol Socialist Party.
20 February 2013
Dave Murray reviews the new "It's time to take over the banks" FBU pamphlet by Michael Roberts and Mick Brooks. Introduction by Matt Wrack, general secretary, FBU...
12 September 2012
This is an extract of the speech at the TUC congress given by Fran Heathcote, group president of PCS in the Department for Work and Pensions, in support of a motion from the Fire Brigades Union on nationalising the banks
29 August 2012
Once again The Guardian repeats the line that 'councils will no longer be able to' fund another vital service, this time to maintain emergency crisis loans
11 July 2012
If the appearance of Bob Diamond before the House of Commons Treasury Select Committee was intended to demonstrate some kind of public accountability of bankers before parliament then it dismally failed...
4 July 2012
In 2008 the Socialist warned that: "the calls for regulation are like asking the bank robbers' gangs to keep a check on the bank robbers. What is urgently needed is popular control of the major banks and finance houses, not 'oversight' by unelected quangos and elected capitalist politicians, whose allegiance is to big business." Now the bank robbery has been exposed yet again.
13 April 2011
When share prices in Barclays Bank and Royal Bank of Scotland rose by over 3% last week, the markets made it clear that the Banking Commission's interim report into the 2008 financial meltdown is, in fact, a paper tiger, writes Simon Carter.
16 February 2011
Hidden subsidies: There seems to be no limit to how much UK banks can gorge themselves on public funds. According to the New Economics Foundation, on top of the estimated £1 trillion shovelled into the black hole of the...
26 January 2011
TV Review: Journalist Robert Peston's BBC documentary, Britain's Banks: Too Big to Save?, gave a useful explanation of how Britain's banks have operated over the last two decades, leading to the banking crash of 2008, writes Sean Figg.
4 August 2010
CON-DEM Business Secretary Vince Cable told journalists he thinks banks are "ripping off" taxpaying customers with unfair charges and cynically using massive bail-out packages to pay their top speculators ridiculous bonuses out of the public purse...
21 April 2010
MICROLOANS ARE small loans to people who would otherwise not have access to finance, they are often for amounts of around $20...
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...
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