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The Government should create community banks rather than just adding to the number of existing high street outlets, according to green campaigners. Full Article at Kent News
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The talk from the Commonwealth Bank was cautious but the figures are undeniably impressive. ''The operating environment remains a challenging one,'' warned CBA's CEO Ralph Norris in today's September quarter update. Full Article at The Age
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The British government is poised to sell off some of the country's struggling banks bailed out and nationalized in the wake of the global financial meltdown, it was reported early last week. Full Article at New Europe News
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Household names like the Cheltenham & Gloucester, Direct Line and Churchill are in line to be sold after part-nationalised banks were forced to slim down. Full Article at Birmingham Post
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THE BRITISH government will invest a further £30 billion into the UK’s two biggest troubled banks, which will both have to sell off significant parts of their operations to meet European Commission concerns. Full Article at Irish Times
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We should discuss whether we need a better economic and social contract to reflect the global responsibilities of financial institutions to society
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There is still no guarantee that today’s plan will get credit flowing in the economy.
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We need a safer, more competitive banking system
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We are building more competition, reducing the liability of our insurance, and this will be of benefit to the taxpayer
