In Austrian physicist Erwin Schrödinger’s famous 1935 thought experiment – a cat is placed within a box, containing toxic radioactive atomic particles, and is said to be simultaneously both dead and alive, depending on a series of random events, which…
PwC, Barclays auditor since 1896 will be replaced by KPMG in 2017, pre-empting EU rules designed to foster competition in the accounting market, forcing companies to switch auditor every 20 years. At the London Borough of Newham, PwC is currently…
‘Anti-fracking campaigners occupied branches of Barclays bank in five British cities yesterday. Sit-ins took place in London, Leeds, Sheffield, Lancaster and Oxford, forcing staff to close the branches and turn customers away. Campaigners are calling on the bank to cancel its £1.2 billion of investments in ‘extreme energy’ producers.’ Read more: Anti-fracking protests target Barclays
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Just before the 2015 General Election, the Tories came up with a throw away Right to Buy policy for housing associations, labelled “back of a fag packet” thinking by HM Treasury staff. Osborne’s ‘solution’ to a housing crisis triggered by…
‘A businessman who swindled Barclays out of millions by flirting with his female bank manager was jailed for more than three years today. Nicholas Marcou, 49, supplied major supermarkets including Sainsburys, Asda, Aldi and Lidl with fruit and nuts, persuaded the bank to raise his credit limit by charming his ‘relationship’ manager, Joanne Haslegrave. He […]
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In his 2006 book Traders, Guns and Money the former banker and corporate treasurer Satyajit Das explains the central role that complex derivatives and financial products played in the global financial crisis. Over 340+ pages the author provides a dizzying…
In his 2006 book Traders, Guns and Money the former banker and corporate treasurer Satyajit Das explains the central role that complex derivatives and financial products played in the global financial crisis. Over 340+ pages the author provides a dizzying…
The Communities and Local Government Select Committee has announced an inquiry into LOBO loans to local authorities by Barclays and RBS on the back of Debt Resistance UK research featured in C4 Dispatches – ‘How Councils Blow Your Millions’. The Communities…
The Communities and Local Government Select Committee has announced an inquiry into LOBO loans to local authorities by Barclays and RBS on the back of Debt Resistance UK research featured in C4 Dispatches – ‘How Councils Blow Your Millions’. The Communities…
Debt Resistance UK (DRUK) are initiating a local authority debt audit campaign to demonstrate how the framework of local government finance has been co-opted to work in the interests of private banks, and not in the interests of taxpaying citizens…
‘Barclays and Royal Bank of Scotland will this week be hit with penalties worth nearly £3bn for rigging the foreign exchange markets. UK and US regulators will force four institutions – Barclays, RBS, Citi and […]