Tag: Banks

  • When we are in debt

    Christmas has passed, the decorations have been taken down and life is returning to normal. Yet for many people living in Britain January is a worrying month because the bills for Christmas will soon arrive. Millions of people are entering 2018 with a debt hanging over them because they overspent during the festive period. One […]

  • The God of second chances

    In our world today the price of failure is high. A political leader whose party loses an election or referendum is expected to resign. A Premiership football manager whose team has a bad run of results is sacked. The chief executive officer of a major company or bank that performs badly will lose their job. […]

  • Forgive us our debts

    Christmas is a distant memory, but the arrival of credit card bills this month reminds us of how much we spent and how much we owe. At the end of November 2015, people in Britain owed £1.458 trillion. This is £708 more for each adult than in November 2014. By the end of 2016 the […]

  • The crushing burden of debt

    After all the talks and proposals there is still no resolution of the Greek Debt Crisis. Banks in Greece are running out of money because there are no more loans available from the European Central Bank and International Monetary Fund and ordinary people have withdrawn billions of euros from their accounts. The crisis is hitting […]

  • Lessons from the Banking Scandal

    The latest banking scandal, involving Barclays Bank, has led to the resignation of its Chairman. Their Chief Executive is also under pressure to resign. The scandal involves inter-bank lending rate-fixing, something few of us fully understand. The Bank has been fined £290m and has promised a root and branch review of its flawed past practices […]