King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash. The governor’s comments come as leading financial houses — including recipients of taxpayer-funded bailouts — prepare to pay out large bonuses, angering many who fear this signals a return to pre-economic crisis rewards for reckless profit-seeking
Tag Archives: regulation
Proposed drinking regulations for sailors make waves
Drinking alcohol out on the seas has long been a tradition among mariners.
Explainer: Who’s who at the G-20
The prospects are not good.
Airline grounds 60 jets for safety inspections
Atlantic Southeast Airlines has grounded 60 jets to conduct engine safety inspections, a spokeswoman said Wednesday.
Analysis: Crisis may lead to new world order
Can this G-20 summit prove to be anything more than group therapy for a bunch of fingernail-gnawing, troubled individuals? The prospects are not good