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12 Jan 12
Financial services industry back to ‘normal’ pre-crisis levels
Posted by Robin Hood
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The Confederation of Business Industries and Price Waterhouse Coopers have published a survey this week highlighting that business was back to 'normal' pre-crisis levels for the financial services industry in the last quarter of 2011.

In the three months up to December,...

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BankProfits, Government, Politics, Research
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03 Jan 12
UK’s five biggest banks set to make £35bn in 2012
HSBC is expected to make £15.4bn profit this year
Posted by Robin Hood
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The UK’s five biggest banks are expected to make £35bn in combined profits in 2012, or £137m for every working day according to City estimates collated by Reuters.

This represents a 15% jump in expected profits for 2011, with official figures due in the coming weeks.

HSBC is expected to make £15.4bn  profit in 2012, Barclays £7bn,  Royal Bank of Scotland £4.6billion, Standard Chartered £4.6bn...

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19 Dec 11
City banks ‘cheat’ Europe of £500m a year in tax avoidance
Posted by Robin Hood
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Some of the City of London's largest banks are involved in tax avoidance which ‘cheats’ European countries of millions of pounds a year, according to new study by the Bureau of Investigative Journalism.

The £65.7bn market in European equity dividends whose "central"...

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Europe, FTT, Government, International, Policy, Research
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07 Nov 11
City workers think traders are overpaid
Posted by Robin Hood
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A poll carried out by ComRes as part of a St Paul’s Institute report shows most City workers think pay gap between rich and poor in Britain is too big and that traders and others are overpaid.

In response, Max Lawson, spokesperson for the Robin Hood Tax campaign, said:

“When even the City itself thinks its traders are paid too much, why is the Government not bringing them back under control?”

“A Robin Hood Tax...

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BankBonuses, FTT, Research
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