This is a British satirical video about Barclays bank.
This British video is called Matti Kohonen speaks on Barclays Wealth in the Walking Tour of Jersey’s financial district.
From British daily The Morning Star:
Bankers set to make £380m from sale
Friday 12 June 2009
by Louise Nousratpour
More than 400 Barclays staff are to share £380m after the bank agreed to sell Barclays Global Investors to US suitor BlackRock for £8.2 billion.
But news of the banker windfall from the sale drew condemnation from GMB, which is angry that the money, rather than being paid into the pension fund to benefit all staff, is being used to make a few people rich.
“This is the first sign of the ‘greed shoots’ of recovery in the economy,” stormed GMB general secretary Paul Kenny.
“It is worrying evidence that the multimillionaire elite are taking the financial gravy train back on the tracks after the sector had to be bailed out by the taxpayers’ billions,” he added.
Mr Kenny recalled that Mr Diamond was instrumental in bankrolling the private equity elite as they took £300m out of AA/SAGA and left it saddled with £4.8bn of debts just before the crash in 2007.
He called for “an independent royal commission” on the financial sector and the economy, adding: “GMB members are very concerned that lessons have not been learned from the systemic failures that has given rise to this bankers’ recession.”
See also here.
Dutch bankers’ bonuses: here.
Joseph Stiglitz: The US has a huge corporate safety net, allowing the banks to gamble with impunity, but offers little to struggling individuals: here.
Bank accused of undermining stability as staff receive biggest bonus payouts in firm’s 140-year history: here.