Posts Tagged ‘Basel Commission on Banking Supervision’

Are banks the untouchables?

by Michael Meacher.

Latest figures show Big 5 banks are now lending only half to SMEs that they pledged under Operation Merlin to an enormous fanfare of self-congratulation a year ago. There have been no checks imposed on proprietary trading or on transactions in financial derivatives, both of which were main contributors to the financial crash of 2008-9. […]

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