Cyprus: Too Small To Bail
Anger is growing among Cypriots as they queue at cashpoints to withdraw their savings due to the bailout.
More than 12,000 private shareholders, who paid out money to help RBS during the financial crisis, launch a potential £4bn claim against the bank and its former bosses.
Top level investors who stumped up to help RBS weather the financial crisis, now claim key documents around an emergency share sale were inaccurate and misleading, and are suing the bank for millions.
Regulators say Britain’s banks must take action to ensure they can cope with the extra costs they face because of bad debts, mis-selling and the eurozone crisis.
With sweeping controls imposed in Cyprus as banks re-open, a former boss of Laiki bank tells Channel 4 News about the fateful meeting where terms for the country’s bailout were discussed.
Cyprus secures a last-minute, 10bn euro bailout in a deal which will see its second largest bank closed and those with the largest deposits facing a levy to raise funds.
As the banking crisis in Cyprus continues, what comes next? And what has happened to other EU countries that have been bailed out?
After sneaking out news of multi-million pound payouts to top staff on budget day, can we believe Barclays has turned over a new leaf? Channel 4 News Business Correspondent Siobhan Kennedy thinks not.
The Cypriot parliament votes against plans to tax people’s bank deposits to secure a bailout from the EU and IMF. Meanwhile, the RAF flies 1 million euros in to keep British forces there in cash.
As zombie Britain continues to hit the economy, Cathy Newman talks to the venture capitalist Jon Moulton and the economist Anne Pettifor about tackling bank debts which are holding back UK growth.
Anger is growing among Cypriots as they queue at cashpoints to withdraw their savings due to the bailout.
With banks making profits out of money they don’t have, the Banking Commission is demanding more powers to sort the industry out, as the banking reform bill gets its second reading.
RBS apologises to its millions of customers after a technical problem left them unable to access accounts for the second time in nine months. But some customers continue to experience problems.
In advocating that RBS should be split into good and bad banks, Sir Mervyn King is showing a “major display of independence in his last months in office”.
Chancellor George Osborne is left isolated as he attempts to water down EU plans to limit bankers’ bonuses.
Offered the chance to bash a banker, Swiss voters have gone most of the way, making Britain seem even more out of step – not only with Europe but also with public opinion.