The City rigged markets,laundered money and mis-sold products, but has diverted attention by threatening to leave London It is almost a decade since the financial crisis and barely a day has gone by without banks being in the headlines, or invariably for the wrong reasons.
Only final week,RBS – 73% owned by the state since its bail out in 2008 – announced it was taking a £3.1bn hit as a result of a case brought by the US Department of Justice over the way the bank packaged and sold mortgages during the powerful housing bubble that preceded the crash. Related: This belated Tory conversion to industrial strategy is tragic Continue reading...
Source: theguardian.com