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Corruption

£2 Billion Fine For Currency Rigging.

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Get caught fraudulent rigging the money markets and at the very worst you'll get the sack

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11223764/Banks-fined-over-2bn-after-currency-rigging-investigation.html

Doesnt state how much they made from this scam, i bet its less than the 2 billion in fines thatll get passed onto the customers.

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No disincentive to repeat offend. It's not like it's exactly 'their money'.

How about starting by making it a criminal offence with the real threat of a custodial sentence?

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Refunds for consumers then?

Please, No! I don't know if I can stand these robotic PPI compensation calls much longer.

Just slap the offenders with jail time and ban their 'negligent' line managers from the industry.

Edited by Orsino

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Fines are the new sentences......another ongoing cost to add to the balance sheet.....QE/trickle down/liquidity for the populace.....out of everything bad comes something good. :wacko:

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Guest UK Debt Slave

Fining banks is just another indirect taxation on the consumer (and the taxpayer in the case of RBS) since WE will foot the bill.

Perhaps Osborne has figured it's just another good way to generate funds for the treasury at the peoples' expense

Meanwhile, not a single banker has gone to jail for fraud.

Edited by UK Debt Slave

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As it currently stands stealing a bottle of water is a worse crime

Stealing a bottle of water is a threat to the established order of things- bankers are the established order of things.

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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