A Whole New Banking Crisis

"Robbing the poor to feed the rich"

The ‘banking crisis’  is set to strike a new low in confidence at the end of 2011. And there is no Eurozone to blame here; it is a situation entirely of UK banks’ own making.

This week has been a decidedly poor one for banks, and has highlighted several problems endemic within the financial system.

[Read more at Which4U]

3 Comments

• Which4U – Finance Blog » Blog Archive » Bank-rupture December 16, 2011 at 16:52

  [...] number of UK banks have been caught up in scandals involving the elderly. As reported on our sister blog in the UK, a succession of banks have been caught and fined for mis-selling risky investment products to [...]
• Which4U – Finance Blog » Blog Archive » Saving Grace: How much compensation are you entitled to if a bank fails? December 21, 2011 at 14:42

  [...] prominently, in branches and on websites, their affiliation with the FSCS. The hope is, of course, after numerous banking scandals of one shape or another, to restore some measure of confidence in [...]
• Which4U – Finance Blog » Blog Archive » “All in this together”? Banking Bonuses in the UK & Australia February 2, 2012 at 15:14

  [...] been the odd major banking scandal; the issue of fee-driven banking products; and the issue of payday loans, which is also gripping [...]