TITLE

'Toxic' banks will take a generation to repair

AUTHOR(S)
James Salmon
PUB. DATE
November 2014
SOURCE
Daily Mail;11/26/2014, p69
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
THE 'toxic' culture of Britain's banks will take a generation to fix and has cost a staggering £38.5bn in fines and compensation, according to a hard-hitting report. Backed by the Archbishop of Canterbury and co-founded by former shadow home secretary David Davis, the report said an 'aggressive sales culture' took hold over two decades, with staff in some branches receiving cash bonuses, iPods and tickets to Wimbledon for hitting ambitious sales targets.
ACCESSION #
99633239

 

Related Articles

  • Engine boosts safety in space.  // Professional Engineering;4/7/2004, Vol. 17 Issue 7, p51 

    According to California based Northrop Grumman Corp., the next generation of reusable space vehicles could he cheaper, more reliable and safer following the development of a non-toxic propellant-burning reaction control subsystem (RCS) engine. Typically, the RCS engines on space shuttle orbiters...

  • Banks looking at potential guarantees windfall worth 'billions'.  // Mortgage Finance Gazette;Oct2013, p19 

    The article reports on the suggestion of the law firm Rosling King for banks to take advantage on personal guarantees to repair their balance sheets in Great Britain.

  • We'll reach an EU deal on Ireland's bank debt by October, says Noonan. Niamh Lyons // Daily Mail;7/11/2012, p2 

    MICHAEL NOONAN says he wants the eurozone's new rescue fund to take on some of the cost of the bank bailout and break the link between taxpayers and toxic debt.

  • Bailout was heroic, says the ex-banker on a �175k pension. Kieran Dineen // Daily Mail;11/12/2012, p10 

    ONE of the key figures behind the blanket guarantee of the toxic bank debts is not only standing by the controversial decision but believes it was a 'heroic' course of action to take.

  • Bailout was heroic, says the ex-banker on a �175k pension. Kieran Dineen // Daily Mail;11/12/2012, p10 

    ONE of the key figures behind the blanket guarantee of the toxic bank debts is not only standing by the controversial decision but believes it was a 'heroic' course of action to take.

  • Last toxic loans out to tender.  // Daily Mail;3/20/2013, p21 

    NAMA is set to outsource any loans left over after the liquidation of toxic bank IBRC - but says it will still take on 'significant' numbers of IBRC staff.

  • Last toxic loans out to tender.  // Daily Mail;3/20/2013, p19 

    NAMA is set to outsource any loans left over after the liquidation of toxic bank IBRC - but says it will still take on 'significant' numbers of IBRC staff.

  • The GIVING PLANT. Mosby, Chris // Greenhouse Management;Aug2015, Vol. 35 Issue 8, p24 

    The article discusses how phytoremediation plants can help pull toxic chemicals and metals out of the ground and help Rid-All Green Partnership, an urban farm that takes aim at malnutrition in the Kinsman neighborhood in Cleveland, Ohio, repair its toxic soil.

  • Legislature accelerates road funding package. Donohue, Denise // Grand Rapids Business Journal;6/2/2014, Vol. 32 Issue 22, p8 

    The author discusses aspects of Michigan legislature that would take the responsibility in accelerating the gas tax increase in order to generate revenue for the funding of road repairs.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics