Posts Tagged ‘Reguklation’

Ten banks fined £130bn: time to restructure a corrupt and rotten system

by Michael Meacher.

The costs of gross misconduct by leading banks, including RBS and Lloyds, have been estimated by LSE research at £130bn in the 6 years to the end of 2013. That is significantly more than Britain’s total budget deficit (£111bn) and substantially more than the international aid budget supplied by the 24 richest countries (£80bn). More […]

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