Gordon Brown has admitted he should have done more manage the regulatory regime correctly, but that won’t stop some £6.8bn in bonuses being handed out to City workers this year.
The Oxford University Centre for Business Taxation has released a detailed summary of the two new proposed bank taxes.
The International Monetary Fund has put forward proposals for two separate new taxes on banks to avoid public money being spent on future bank bailouts.
Tom Felton, who plays Draco Malfoy in the Harry Potter films is the latest celebrity to back the proposed tax on banks.
Lloyds TSB has criticised a new scheme which gives an independent adjudicator the ability to overturn a bank’s decision to deny loans to small companies.
It will come as no surprise to most that banks are at the bottom of the list of trusted sources of business advice, but it seems accountants are rather more popular – over a third of SMEs voted
Politicians are calling for an independent valuation of the government’s asset protection scheme following controversy over publicly funded plans to insure Royal Bank of Scotland’s toxic loans.
The British Bankers Association (BBA) has hit back at claims from the Institute of Directors (IoD) that more than half of businesses seeking bank finance were rejected last year.
Two top executives at Barclays have elected to forgo their 2009 bonuses in a bid to strengthen their hand in influencing regulatory reform in the banking sector.
Businesses are five times more confident in their ability to access financial support this year than they were last year, according to a new study of UK business owners.