Menu
03/02/2012
Miliband Says Banking Should Take 'Path Of Change'
The Labour Leader has called on the banking sector to take the "path of change" in response to public anger over failures within the sector.
In a speech at the Thomson Reuters Building, the Labour Leader Ed Miliband made a call for the banking sector to recognise that continuing on its current path will lead to "further isolation from society, greater public anger" and more years in which each payday is a newspaper headline.
During his speech on Friday, Mr Miliband spoke of the Royal Band of Scotland boss Stephen Hester giving back his bonus, while on Tuesday, the forfeiture committee revoking the bank's former boss Fred Goodwin’s knighthood.
"But these moments do really not change anything in themselves. This is about more than one man, one bonus, or one knighthood," Mr Miliband said.
He added: "These are symbols – and symptoms - of public discontent with a system that is not working as it should. This is a call on banking to recognise that it should take the path of change."
The Labour Leader spoke of the creation of a socially responsible 'one nation banking' system where banks would be run in a way that "people believe are consistent with their values".
(DW/GK)
In a speech at the Thomson Reuters Building, the Labour Leader Ed Miliband made a call for the banking sector to recognise that continuing on its current path will lead to "further isolation from society, greater public anger" and more years in which each payday is a newspaper headline.
During his speech on Friday, Mr Miliband spoke of the Royal Band of Scotland boss Stephen Hester giving back his bonus, while on Tuesday, the forfeiture committee revoking the bank's former boss Fred Goodwin’s knighthood.
"But these moments do really not change anything in themselves. This is about more than one man, one bonus, or one knighthood," Mr Miliband said.
He added: "These are symbols – and symptoms - of public discontent with a system that is not working as it should. This is a call on banking to recognise that it should take the path of change."
The Labour Leader spoke of the creation of a socially responsible 'one nation banking' system where banks would be run in a way that "people believe are consistent with their values".
(DW/GK)
Related UK National News Stories
Click here for the latest headlines.
17 January 2014
Miliband Speech Promises Reform Of UK Banking Market
Labour leader Ed Miliband has criticised the UK's five largest banks, saying that they should be made to surrender a "significant" number of branches.
Miliband Speech Promises Reform Of UK Banking Market
Labour leader Ed Miliband has criticised the UK's five largest banks, saying that they should be made to surrender a "significant" number of branches.
09 July 2012
Miliband Calls For Banking 'Code Of Conduct'
Following the recent scandals within the industry, Labour leader Ed Miliband has called for a code of conduct to be set up for bankers. He argued that those guilty of wrongdoing should be "struck off", as happens to doctors and lawyers. Mr Miliband told an audience of financiers it was time to move from "casino" to "stewardship" banking.
Miliband Calls For Banking 'Code Of Conduct'
Following the recent scandals within the industry, Labour leader Ed Miliband has called for a code of conduct to be set up for bankers. He argued that those guilty of wrongdoing should be "struck off", as happens to doctors and lawyers. Mr Miliband told an audience of financiers it was time to move from "casino" to "stewardship" banking.
28 July 2014
FCA Fines Lloyds Banking Group £105m
Lloyds Banking Group has been fined £105m for serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR).
FCA Fines Lloyds Banking Group £105m
Lloyds Banking Group has been fined £105m for serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR).
27 May 2014
TSB Flotation Announced By Lloyds Bank
Lloyds Banking Group has said it is to float a 25% stake in its TSB business on the London stock market. The sale will take place next month and ordinary investors will have an opportunity to purchase shares. These ordinary investors will be rewarded with free shared for longer-term investments, it is understood.
TSB Flotation Announced By Lloyds Bank
Lloyds Banking Group has said it is to float a 25% stake in its TSB business on the London stock market. The sale will take place next month and ordinary investors will have an opportunity to purchase shares. These ordinary investors will be rewarded with free shared for longer-term investments, it is understood.
06 March 2014
Shell Wants Scotland In The UK
Ben van Beurden, the Chief Executive of the oil company Shell has said he would like Scotland to remain part of the UK. In a meeting in London he said he valued the "continuity and stability: of the UK and affirmed that the company had studied the possibilities and reached the conclusion, which was supported in the UK and UE.
Shell Wants Scotland In The UK
Ben van Beurden, the Chief Executive of the oil company Shell has said he would like Scotland to remain part of the UK. In a meeting in London he said he valued the "continuity and stability: of the UK and affirmed that the company had studied the possibilities and reached the conclusion, which was supported in the UK and UE.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
