Tag Archives: FCA

Unproductive SMEs, Personal Guarantees and Bonuses

Banks create money when they issue a loan to a client. That money only exists in the bank’s and the client’s books. The current rules of creating money encourage and¬†incentivise banks to create money. They only make money on the … Continue reading

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Personal Guarantees

I am far from certain if any reader of AccountingWeb can explain to me where money comes from. Positive Money’s explanation, supported by many leading economists is, therefore, attractive to my very simple mind.

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Behaviours of RBS GRG and Lloyds Banking Group

  Judge Beddoes ratio decidendi in the Turner case with Lloyds Banking Group encapsulates the issue facing victims of both banks’. The banks’ have no idea how their persistent denials, obfuscation and blatant lying to the Courts impacts on the … Continue reading

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