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Enquiry into banks’ failures is vital or nothing will change

The Wikileaks report last week (Mortgage Strategy Online) revealing the Royal Bank of Scotland’s chairman Sir Phillip Hampton thought directors at the bank had breached their fiduciary duties was a real eye opener. The only way anything will change is if we lobby for an enquiry into the failure of RBS, HBOS and Northern Rock. The regulator has proven to be untouchable and by having an enquiry we can determine what went wrong from all sides.

PATRICK BAMFORD

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Week in NUMBERS

£1.9bn – the amount that Christmas shoppers will spend on their credit cards in the run-up to December 25th, according to Sainsbury’s Finance. £2,000- the amount UK present buyers throw away by failing to plan their purchases in advances, according to First Direct. 15°C – the temperature experts recommend you keep your heating at to […]

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