Overzealous banks are squeezing the remaining life out of British business
Jeremy Hunt wants to solve Britain’s productivity crisis. But then who doesn’t?
Source: yahoo.com
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Bank governor under fire for role in RBS scandal
BBC News By Andy Verity image copyrightGetty Images The governor of the Bank of England has come under new criticism for failing to declare a potential conflict of interest in a scandal that saw thousands of bank customers mistreated. The Royal Bank of Scotland (RBS) was accused of benefitting as it left some of its customers in financial ruin. Now, it is reported that Andrew Bailey did not reveal his role in the scandal. That is despite being asked about it when he was appointed to his previous job as head of the city watchdog. The Bank of England said there was no interest to declare.
Source: bbc.co.uk
Bailey faces questions over agency linked to RBS scandal
Bailey faces questions over agency linked to RBS scandal By Justin Cash 15 th March 2021 8:14 am Bank of England governor Andrew Bailey is being asked questions over whether a government agency he helped devise could have been linked to RBS’ improper practices against small business clients. Between 2009 and 2013, RBS has been accused of widespread mistreatment of customers in its Global Restructuring Group, putting its own interest ahead of its clients by forcing small business clients into financial ruin to the bank’s own financial benefit. Bailey worked with...
Source: moneymarketing.co.uk
Bank of England governor engulfed in conflict of interest row over RBS business unit scandal
The governor of the Bank of England has been criticised for allegedly failing to declare a potential conflict of interest in a scandal that saw…
Source: heraldscotland.com
Bank governor asked to explain link to scheme in RBS scandal
Bank of England governor Andrew Bailey is facing questions over a scheme for businesses (Yui Mok/PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up Bank of England governor Andrew Bailey is facing questions over his role designing a scheme allegedly linked to a Royal Bank of Scotland unit that mistreated small businesses. The chair of the All Party Parliamentary Group on Fair Business Banking, Kevin Hollinrake, called for Mr Bailey...
Source: pressandjournal.co.uk