UK banks sitting on £40bn of undeclared losses
This is shocking but not surprising. The degree of reckless lending has been suppressed and now is the time to for full disclosure for the benefit of all. This crisis cannot end until we know the full extent of it. Suppression of losses means that auditors, upon whom so much reliance is placed, have been complicit in this cover up and must be held to account along with banks’ directors. Lions led by donkeys springs to mind
Duncan Jones
06 Jun 2012 | 11:10
IFA Centre and AIFA slam Money Advice Service
It’s a bit like the FSA saying that you cannot use the word independent if post RDR you are not. The word advice in their title would assume they give advice. One rule for them and one rule for us. Even the survey carried out by MAS say it is all a waste of money. You would be better spending all our money on a regulator who is fair and equal. One would say that this is all we have wanted for many years.
KS
06 Jun 2012 | 11:53
M&S to launch mortgages through in-store banks
Bring it on, how’s that going to work? Get your foreign currency and sort your mortgage out? Stick to being a dept. store and leave it to the whole of market professionals.
Adrian McClaren
07 Jun 2012 | 16:45
M&S to launch mortgages through in-store banks
This is what happens when you allow non-advised lenders to run wild, but I am surprised that M&S are allowing their name to be associated with HSBC, whose service is seen as abysmal.
Stuart Duncan
07 Jun 2012 | 16:58
Scots move to abolish slab Stamp Duty tax
All tax is legitimized theft but some taxes are patently unfair and poorly targeted. Stamp Duty is an obvious example of how monkeys would design a wheel.
Bill Wells
08 Jun 2012 | 13:23
Thanks for all your comments this week
