The government’s £13 billion sale of ‘bad bank’ mortgages to a United States equity firm threatens the long-term security of thousands of home owners Unite has warned. …Read more…
‘Once in a generation’ opportunity
MPs debating the public stake in the Royal Bank of Scotland today (November 5) must ensure the government does not throw away a ‘once in a generation’ opportunity to restore trust to Britain’s banks,…Read more…
Still living large
Grossly overpaid bankers, who helped trigger the worst financial crisis in generations in 2008, are still living large according to a European watchdog report, with the UK being home to the biggest…Read more…
Green Investment Bank sell-off
The government’s announcement to sell off a large chunk of the Green Investment Bank (GIB) to the private sector is ‘a slap in the face’ for small and medium-sized enterprises (SMEs) seeking much…Read more…
£13bn taxpayer rip-off
By selling off the public stake in the Royal Bank of Scotland, George Osborne is short-changing the public and wasting a historic chance to bring needed change to Britain’s banks, warned Unite….Read more…
HSBC: adding insult to injury
The massive jobs cull announced by HSBC on Tuesday (June 9), in which 8,000 posts will be axed over the next two years, is only the latest instance of the bank’s blatant disregard for its most…Read more…
Paying for others’ mistakes
The announcement by HSBC that up to 8,000 UK jobs are to be cut from the bank by 2017, is the latest example of the workforce being punished for the misconduct of senior and investment bankers says…Read more…
Civic fightback call
Banks – who needs them? Well, actually, we all do. And news that thousands of local branches up and down the land could be set to close will not be taken lying down by campaigners and trade unions. “We need a civic fightback on this; it’s in all our interests,” said Unite national officer […]
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End casino capitalism call
As taxpayer-owned Royal Bank of Scotland announces further job cuts, all while continuing to give its top brass millions in bonuses, the story reads much the same for another UK bank. On Tuesday (March 3), Antony Jenkins, chief executive of Barclays bank, graciously accepted a bonus that takes his total pay to £5.5m, up […]
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Major job losses on the horizon
As UNITElive reported last week, the taxpayer-owned bank RBS announced that a major restructuring program was on the horizon but failed to give any details. But two unnamed sources familiar with the matter revealed to the Financial Times March 3 that up to four out of five jobs in the bank’s investment division might […]
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