LeftBanker

The recent meeting of the G20 leaders in Pittsburgh has seen the USA radically restructure the management of global capitalism’s finance and economic systems. The G20 came in to existence in the late 1990’s as a response to the first globalised financial crisis – the Asian crisis.
While the world economy has been globalised for decades [...]

The government has spent about £150bn over the last year bailing out RBS, HBOS and Lloyds. This has taken the form of being sold shares in these companies and in return giving the banks cash to cover losses and bring their capital (cash) up to regulatory required levels.
In addition the government through the Bank of [...]