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Showing posts with the label Barclays

Barclays share price goes up on the news that 19000 people are to lose their jobs.

  http://www.independent.co.uk/news/business/news/barclays-boss-antony-jenkins-wields-the-axe--but-hails-wise-rise-in-bonuses-9341729.html   Barclays to cut 19,000 jobs Share price soars on news of job losses Barclays announce 19000 people are to be sacked within the next three years with more than 8500 of these within the United Kingdom and on top of the 12000 already announced. At the same time, Antony Jenkins, Barclays CEO insists that his controversial decision to increase bonuses despite falling profits was "a wise investment". On the release of this news the share price of Barclays rose by almost 6%. Only the corrupt and obscene Capitalist system, could welcome the continuing payment of bonuses to a few "senior managers" and make money for a few "fat cat investors" on the news that thousands of people are to lose their jobs.

Grave crisis facing the international banking sector..

http://news.sky.com/story/960858/exclusive-banks-face-27bn-libor-hit The banks under investigation in the Libor rate-fixing scandal face combined losses of up to $42bn (£27bn).16 banks face a financial hit. These parasite criminals would probably have the audacity to come to the government for another hand out of tax payers money to bail them out of the self inflicted mess. The government should tell them to go to hell or face full nationalisation and permanent public ownership.

Parliamentary Inquiry is a cul de sac

http://www.independent.co.uk/news/uk/politics/were-powerless-to-get-truth-about-bankers-says-key-mp-7923528.html Politicians have been virtually "useless"  at getting to the truth behind the banking scandal, one of the MP's responsible for investigating the affair has admitted. This is the real reason why Cameron and Co are insisting on a Parliamentary Inquiry into the Banking Scandal rather than a judge led independent  inquiry. It is a not very subtle ploy to ensure that the witness are allowed to ramble on at length, saying nothing, being asked weak, inane questions and ensuring that no one is any the wiser at the end of their "evidence". The Parliamentary "Inquiry", will ensure that the banks and their crooked practices, together with those of their employees, and the subsequent conspiracy to cover up the whole rotten system are protected from the full glare of public exposure for as long as it takes to bury the matter under heaps o...

Why we should not trust politicians to carry out an inquiry.

http://www.guardian.co.uk/politics/2012/jul/05/balls-osborne Balls and Osborne clash. Why does the Guardian again fail to provide readers with the opportunity to comment on specific issues? This time its the article "Balls and Osborne slug it out in dispatch box "thrilla". Ironically, this item vividly demonstrates why an inquiry into the banking scandal cannot be carried out by politicians with their point scoring politically motivated private agenda's. Collectively, the banks appear to have been involved in criminal activities at the expense of their customers and British tax payers generally. It may well be that politicians were actively involved in these alleged crimes and therefore should not be part of any investigation. The only solution that would have an iota of credibility would be an independent public inquiry.

Were the Bank of England and Whitehall in on it?

http://www.independent.co.uk/news/uk/politics/the-libor-conspiracy-were-the-bank-of-england-and-whitehall-in-on-it-7906916.html The Greta British Banking Scandal.   Why all this hysteria now. Many people have been saying for years that the banks were out of control, ripping off customers and it many cases worse, and that they were run by a cartel  of overpaid individuals who's activities verged on criminal fraud. The banks have been caught with their sticky fingers in the till, and now are being exposed for what they really are. It remains to be seen to what extent the Bank of England and politicians are  involved in this scandalous conspiracy against the public.