Our banking standards submission
Money Fight Club has been through a few rounds with the High Street banks as they have invented new ways to part customers from their money over the years. The mis-selling of personal pensions, endowment mortgages, payment protection insurance and interest rate swaps have cost customers billions of pounds and damaged the reputation and the finances of the banks. Now the Banking Standards Review headed up by Sir Richard Lambert, former editor of the Financial Times, has proposed the setting up of an independent body to raise standards and to bring ethics into banking. It does not go far enough, […]