| Author | Message | | gchq | | Posted: Sat Mar 07, 2009 6:28 pm Post subject: Government takes 65% of Lloyds... |
| From Channel 4 News
GOVERNMENT TAKE 65% in LLOYDS…
I know you've got a couple already, and really didn't want more -but you just bought another bank. The Government took a controlling stake in the Lloyds banking group and agreed to underwrite £260bn in toxic assets in a deal agreed late last night. The Treasury will own 65% of the company, while Lloyds has been ordered to provide £28bn in new mortgage and business lending over the next 2 years, to help boost the economy. | |  | | gchq | | Posted: Thu Mar 12, 2009 6:02 pm Post subject: A sea of change in banking regulation |
| From Channel 4 News
Well, exclusive lead tonight. A major sea change in British thinking about international regulation. Ahead of tomorrow’s gathering of G20 finance ministers in a hotel in Sussex, Chancellor Alistair Darling has given an exclusive interview to Channel 4 News in which he sets out what he hopes to achieve there.
And at the very top of the agenda is a future regulatory structure which would effectively allow international regulation vested in the IMF the power, for example, to limit the growth of individual British banks or, in the case of RBS’s takeover of ABN AMRO, the power to halt it on the basis that RBS was over-extending itself.
But there is much else in the interview, too. At seven. | | | | gchq | | Posted: Fri Mar 13, 2009 6:09 pm Post subject: World Bank - Gloomy outlook |
| From Channel 4 News
WORLD BANK HEAD'S GLOOMY OUTLOOK
The finance ministers of the G20 group of countries are gathering in London, and as they do, we have an interview with Robert Zoellick, head of the World Bank.
Faisal Islam has been talking to him about the parlous state of world trade.
Faisal also has the fruits of a recent filming trip he made to Singapore; where hundreds of huge cargo ships are lying idle in the face of the collapse of world trade.
See how each G20 country is rescuing their economies: http://tinyurl.com/cdltrc
Robert Zoellick, president of the World Bank, talks to Faisal Islam: http://tinyurl.com/bbtvck | | | | gchq | | Posted: Wed Mar 25, 2009 6:26 pm Post subject: Shredded |
| From Channel 4 News
The inevitable is with us. Fred Goodwin’s home has had some windows broken, as has his car. Fred, nicknamed “the Shred”, has in a rather nasty way, himself been shredded.
Tonight: was it inevitable, given the scale of rhetoric heaped upon him? And if Britain persists in failing to prosecute any of those responsible for the banking morass, is increasing violence against bankers and their property a dangerous prospect?
We are in Edinburgh for the latest, at seven.
Group admits attack on Sir Fred: http://tinyurl.com/dgql64
CONCERNED
Also tonight, we now know why the governor of the Bank of England was so concerned about not having still more money thrown at the crisis. The latest auction of government gilts has failed to sell a significant percentage. This is the first time in 15 years that such a thing has happened, and must now call into question confidence both in the British economy and the pound.
PMQs: ‘defining moment’ for the economy: http://tinyurl.com/crzkoh | | | | Jefferson Davis | | Posted: Wed Mar 25, 2009 6:34 pm Post subject: |
| | I hope all the banksters develop such a fear. They deserve it. | | | | gchq | | Posted: Sat Mar 28, 2009 5:02 pm Post subject: Forced building society sale |
| From Channel 4 News
Scotland! We're trying to get more on this as I write, but it seems that Scotland's biggest building society is in deep trouble. Yes - you read that right - building society, not a bank.
The Dunfermline Building Society has collapsed and is to be put on the market by the government and this flash is just in on the wires - the government is considering what action it can take. | | | | gchq | | Posted: Sun Mar 29, 2009 4:09 pm Post subject: Dunfermline Treasury Anger |
| From Channel 4 News
DUNFERMLINE CHAIRMAN REVEALS TREASURY ANGER
I’ve just interviews Jim Faulds, Chairman of Scotland’s oldest and biggest building society. And quite honestly I doubt you will ever hear an interview from the chairman of a finance company speaking with such anger and passion. According to him they never wanted a bail-out, just a loan. They needed £20 million not the £60-£100 million the Chancellor is talking about. They had no sub-prime exposure at all, despite Mr Darling saying this morning that they did. He says the Treasury is lying.
Why? Because – and here’s the truly astonishing part – he says neither Treasury officials nor the Chancellor have ever talked directly to him throughout this crisis. Can that really be true? Is Mr Darling really lying or has he been spectacularly badly briefed? We are trying to unravel all this as I write.
Read more here: http://tinyurl.com/dbbl5h | | | | funglefoot | | Posted: Sun Mar 29, 2009 9:31 pm Post subject: |
| | Mea culpa? You gotta be kidding! That went out with the Reformation. Today it is mea pension and meus bonus. The bankers are guilty in the court of public opinion. Let Street Justice rule. Good on them who done Fred the Shred's windows in! | | | | funglefoot | | Posted: Sun Mar 29, 2009 9:44 pm Post subject: |
| | Having said that Jim Faulds and the Dunfermline are being stitched up by the government. The vultures are circling. | | | | gchq | | Posted: Fri Apr 03, 2009 5:50 pm Post subject: The Fred pension |
| From Channel 4 News
WILL FRED RETURN A PORTION OF PENSION?
The new chairman of RBS told Channel 4 News this morning that Sir Fred Goodwin was 'considering' a personal request to hand back a substantial amount of his pension voluntarily.
However 'sources' close to Sir Fred seem to be denying his position has changed. He's holding onto it.
It was the RBS AGM today and the company's remuneration policy was unsurprisingly voted down today, not that it makes much difference to anything.
Some shareholders are also angry at what they claim was misleading information last year when RBS asked investors for £12bn. John Sparks will have the latest from Edinburgh.
Sir Fred may rethink pension: http://tinyurl.com/clmme6 | | | | | ©2002-2009 WarWithoutEnd.co.uk |
