Our investigation reveals the fines, fees and compensation since 2008 crisis In the decade since the crisis British banks have paid out £71b for misconduct Fines were levied for a variety of sins such as rigging Libor interest rates Lloyds has suffered the heaviest penalties of at least £23.4 billion since 2008 Conduct and litigation costs at RBS are second highest at up to £20.6 billion Britain's biggest banks have paid out £71 billion for misconduct in the decade since the

CONSUMER AND TAX PAYER.. From Parliamentary review documents. Reference ..The funding of RBS and other Banks 2008-9 Source: https://publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/144/144w273.htm#n119 Let us be clear that the reason for today's injection is the lack of openness and honesty by the banks on the amount of bad debts that they have on their books|" JOHN McFALL MP[105] 1. The banks have stated their case. They say: the banking crisis ensued from bad borro

The International Tribunal for Natural Justice launched the Judicial Commission of Inquiry into Human Trafficking and Child Sex Abuse at an inaugural seating in Westminster, London on April 16-18th 2018. The filmed testimonies are now available via this Official Commission site to the Press, Public and all interested institutions and organs of government. The principal intention behind this Commission is not to instigate witch-hunts or target individuals, but to set in motion

>1.4 million landlords are not aware of Section 24 and its implications! Issues: Mortgage Interest Rate Relief Reduction 1. Taxed on Turnover Not Profit. 2. Many Pushed to Higher Rate Tax 40% 3. Relief Only Available at 20% 3% Additional Dwelling Stamp Duty 1. Applies to Residential Property 2. Three Exceptions a) Purchase price under £40k b) Six or more properties in a linked transaction. c) If Not Residential Property. Impact: George Osborne unveiled a shock tax change in 2

APPG Report: Download The call is made in a letter from the APPG to FCA boss Andrew Bailey The FCA recently said it could not take any action over the plundering of small businesses by RBS’s global restructuring group. An influential group of MPs is demanding a full public inquiry into the banks’ mistreatment of small business customers. The All Party Parliamentary Group on Fair Business Banking wants an investigation into ‘the complex, and often incestuous, relationships bet

Why is the UK so timid in tackling malpractices in the finance industry? After all, the industry has been a serial offender for almost fifty years. But other states are less lax. This week, a court in Vietnam convicted 46 former bankers and businessmen of corruption and “deliberate violation of state regulations on economic management, causing serious consequences” to the public. 43 bankers received prison sentences ranging from two years of probation to 10 years in prison. T