Extra capital for UK banks. How not paying tax helps
As Britain’s banks “pad up” their capital ratios, Economics Editor explores if RBS, bailed out by the taxpayer, should be able to use its losses to not pay tax?
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As Britain’s banks “pad up” their capital ratios, Economics Editor explores if RBS, bailed out by the taxpayer, should be able to use its losses to not pay tax?
The City regulator says Britain’s banks still need to raise £27bn to withstand future shocks. Worst off is the taxpayer-backed Royal Bank of Scotland, which is told it has a gap of £13.6bn to plug.
Senior bankers should be jailed for reckless misconduct, a keenly-awaited parliamentary commission into the collapse of the banking system recommends.
Five years after the financial crisis, a parliamentary commission is recommending that bankers guilty of “reckless misconduct ” could be jailed. What has happened across the world since then?
A rescue plan for the Co-operative’s troubled banking arm is unveiled in a bid to plug a £1.5bn hole in its balance sheet.
The IMF backs away from its ringing endorsement of UK economic policy. But the Treasury will be relieved that it has not yet spelled out an alternative policy to austerity.
Millionaire migrants are increasingly investing in the UK, from buying penthouses to building businesses, showing another side to immigration.
House sales over £1m have bucked the national trend and soared to their highest level since the height of the 2007 housing boom, says a new report.
Will the Post Office’s plans to launch current accounts bring more competition to high street banking?
Damned by a parliamentary committee for toxic leadership of HBOS, Andy Hornby remains eligible to draw his £240,000 pension at 50 and still has his job running bookmakers Coral. Is this right?
The banking commission has savaged the way HBOS was run, but it is not the only bank that has struck terror into people’s hearts. Are these are the worst offenders? You decide.
Will anything be done? Will any of these people ever be brought to book? The record thus far suggests not a lot will happen.
The parliamentary banking commission says the three bankers who presided over the 2008 HBOS collapse should never work in the City again. But why were they not stopped? And what is their punishment?
The chancellor’s plans to boost the housing market are “well down the list of Britain’s economic to-do list, and arguably well up the not-to-do list”.
Chancellor George Osborne unveils a new “help to buy” scheme to boost the housing industry, but lenders want assurances that it will not be uneconomical for them.