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.
Tax Research UK has today submitted a report to IMF which supports the idea of taxing banks’ financial
Nearly 60% of businesses seeking bank finance in 2009/10 were rejected by their bank, and 20% are financing their businesses to some extent with credit cards according to IoD data.
Support is building for a global bank tax and a deal could be agreed at the G20 in June, said Gordon Brown this week.
A group calling itself ‘The Robin Hood Tax campaign’ is calling for the government to back a tax on banks’ financial transactions which would be used to tackle poverty and climate change.
Risk has been a key watchword in the banking industry over the past 18 months, but accountants and regulators are at loggerheads over the idea of introducing sector-specific accounting standard
City firms would rather absorb the cost of Alistair Darling's 50% windfall tax than cut back on staff bonuses this year, according to recent reports.
This week the government doubled its investment in bailing out the already part nationalised RBS and Lloyds Banking Group, injecting a further £37bn into the ailing banks.