Jump to content

Search the Community

Showing results for tags 'king'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • The Consumer Forums: The Mall
    • Welcome to the Consumer Forums
    • FAQs
    • Forum Rules - Please read before posting
    • Consumer Forums website - Post Your Questions & Suggestions about this site
    • Campaign
    • Helpful Organisations
  • CAG Community centre
    • CAG Community Centre Subforums:-
  • Consumer TV and Radio Listings
    • Consumer TV and Radio Listings
  • CAG Library - you need to register to access the CAG library
    • CAG library Subforums
  • Banks, Loans & Credit
    • Bank and Finance Subforums:
    • Other Institutions
  • Retail and Non-retail Goods and Services
  • Work, Social and Community
  • Debt problems - including homes/ mortgages, PayDay Loans
  • Motoring
  • Legal Forums
  • Latest Consumer News

Blogs

  • A Say in the Life of .....
  • Debt Diaries
  • Shopping & Money Saving Tips

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Quit Date

Between and

Cigarettes Per Day


Cost Per Day


Location

Found 2 results

  1. Sea king helicopters, asbestos READ MORE HERE: https://www.gov.uk/government/news/sea-king-helicopters-asbestos--2
  2. The Governor of the Bank of England, Sir Mervyn King, has accused senior bankers of letting down their colleagues and giving customers “shoddy” treatment. King said that the the banking scandals unearthed this week reinforce the need for the recommendations of the Independent Commission on Banking, led by Sir John Vickers to be implemented, in particular the splitting up of retail operations from investment banking. Sir Mervyn said: "I would hope that Parliament would legislate on that as soon as they feel able to do so – all of the Vickers proposals. That is what we need to do to change the structure of the industry. "We can see what has gone wrong. The idea that the culture of investment banking is the same as the culture of basic banking, I think it is very clear now that those two cultures are completely different, and they need to be separated." Introducing the central bank’s Financial Stability report, Sir Mervyn called for immediate and wide-ranging action to reform both the culture and the structure of the UK banking industry. The governor said: "From excessive levels of compensation, to shoddy treatment of customers, to a deceitful manipulation of one of the most important interest rates and now news of yet another mis-selling scandal we can see we need a real change in the culture of the industry." He said the culture and structure in the banking industry and "excessive levels of compensation" had led to "shoddy treatment of customers". Sir Mervyn accused top bankers of letting down their staff. He said: "There must be many people who work in the banking industry today who know that they are honest, hard-working and feel that they have been let down by some of their colleagues and indeed their leaders." Sir Mervyn made his comments as the Financial Services Authority (FSA) published details of another banking scandal, the mis-selling to small and medium-sized businesses of complex interest rate swaps. This follows the news this week that Barclays and other global banks manipulated the Libor or interbank swap rates that govern the interest rate applied to trillions of financial transactions including loan and mortgage rates that everyday banking customers use. More: http://www.myfinances.co.uk/savings/2012/06/30/king-urges-government-to-separate-retail-and-casino-banks
×
×
  • Create New...