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Friday 14th of January 2011

News Tag: former

December 8, 2010

Crown Currency Exchange directors arrested

by Kay Murchie
Crown Currency Exchange directors arrestedCrown Currency Exchange directors arrested
Two former directors of the collapsed foreign exchange company, Crown Currency Exchange, Peter Benstead and Edward James, were arrested and have been questioned in connection with the failure of the company. However, police have said the two men have since been released on bail until July next year. The two men have been named as Peter Benstead, 68, of Cornwall ...



October 18, 2010

Former MPC member believes UK still at risk of double dip

by Kay Murchie
”Former
Professor David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee (MPC), has once again said massive spending cuts introduced to deal with the budget deficit could push the UK back into a recession. In June, and again last month, Mr Blanchflower warned the coalition Government that tough spending cuts could pose a threat ...



September 21, 2010

Former MPC member believes UK still at risk of double dip

by Kay Murchie
’Former
Professor David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee (MPC), has today said he still doesn’t rule out a double dip recession. In June, Mr Blanchflower, who is professor of economics at Dartmouth College in the US, warned the coalition Government that tough spending cuts could pose a threat to the fragile ...



July 27, 2010

FSA fines Rock’s former finance director

by Kay Murchie
”FSA
The Financial Services Authority (FSA) has fined David Jones, Northern Rock's former finance director, for the misreporting of mortgage arrears at the bank. The Watchdog has fined Mr Jones £320,000 and banned him from performing any function in relation to any regulated activity. The fine comes after former deputy chief executive, David Baker, and former credit director, Richard Barclay, were fined a total ...



June 13, 2010

Former MPC member warns of double dip recession

by Kay Murchie
”Former
Professor David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee (MPC), has warned that cutting the deficit too quickly risks putting the UK back into recession. Mr Blanchflower, who is professor of economics at Dartmouth College in the US, told Sky News today that further investment is required to build growth. The new coalition Government has ...



May 18, 2010

Former RBS investment banker receives lifetime ban

by Kay Murchie
”Former
Johnny Cameron, the former chairman of Royal Bank of Scotland’s (RBS) investment banking business, has been banned from holding an executive position within the financial services industry. The ban, imposed by the Financial Services Authority (FSA), follows an investigation into systems and controls in the global markets division at the bank. Fifty-five-year-old Cameron, who was chairman of its investment banking business ...



April 13, 2010

Former Northern Rock directors fined and banned

by Kay Murchie
”Former
Two former directors of crisis-torn Northern Rock have been fined and banned by the Financial Services Authority (FSA). Former deputy chief executive, David Baker, has been fined more than half a million pounds by the FSA for misreporting mortgage arrears data and banned from working for an FSA-regulated firm. Furthermore, ex-credit director, Richard Barclay, has been fined £140,000 by the City ...



June 16, 2009

Former MPC member latest to forecast rise in unemployment

by Kay Murchie
”Former
David Blanchflower, the former member of the Bank of England’s Monetary Policy Committee (MPC), believes job losses in the UK are set to soar, with unemployment among the young becoming a "national tragedy". Mr Blanchflower’s bleak forecast comes ahead of unemployment figures, due to be released tomorrow. Furthermore, other reports out today have revealed some alarming results with regard ...



June 1, 2009

Former MPC member warns of rising unemployment and “false dawns”

by Kay Murchie
”Former
David Blanchflower, the former member of the Bank of England’s Monetary Policy Committee (MPC), has warned that the latest green shoots in the economy are "tentative" and that unemployment in the UK will continue to rise. Mr Blanchflower has been speaking to the BBC after his three-year term as MPC member came to an end after choosing ...



February 10, 2009

Former bank chiefs apologise to Treasury Select Committee

by Kay Murchie
”Former
The ex-bosses of Royal Bank of Scotland (RBS) and HBOS have apologised “profoundly and unreservedly" for the near-collapse of their banks. Speaking to the Treasury Select Committee, Sir Fred Goodwin, former chief executive of RBS said he “could not be more sorry" for the events that led to the bank’s demise. Furthermore, ex-chairman of RBS, Sir Tom McKillop, confessed that the ...