2012; the year of the Bent Banks.
Compiled and researched by Ben Walsh; Reuters.
Additions by Ian Taplin;Whistle Blowers UK.
21 12 2012.
Bank of America:
the US Justice Department is seeking $1 billion in fines for troubled loans sold to Fannie and Freddie; MBIA’s lawsuit against Countrywide, which was disastrously acquired by BofA, rolls on; BofA is one of five banks participating in the $25 billion national mortgage settlement. (Price to book: 0.56, here and throughout via Yahoo Finance)
Bank of China:
the families of Israeli students killed in a 2008 terrorist attack are suing the BOC for $1 billion “intentionally and recklessly” handling money for terrorist groups.
Bank of New York Mellon:
a subsidiary paid $210 million to settle claims it advised clients to invest in Bernie Madoff’s ponzi scheme; the DOJ continues to investigate possible overcharges for currency trades that it says generated $1.5 billion in revenue. (Price to book: 0.86)
Let me introduce you to Nikki Turner whom I have invited to write as a guest contributor and fellow founder of Whistle Blowers UK.
Nikki’s letter was posted on Ian Fraser’s Blog site.Ian is one of our best journalists on matters of banking fraud.
Here is Nikki’s letter.
Dear Mr Cameron: Please explain why bankers are now considered above the law
December 15th, 2012
An open letter to David Cameron, the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, from Mrs N Turner
Dear Mr Cameron,
I and many other people were stunned by the quotes from Mr Andrew Bailey, the chief executive-designate of the Prudential Regulation Authority, which were reported in the Daily Telegraph yesterday (December 14th, 2012).
Mr Bailey seems to have confirmed that, irrespective of their criminal actions, banks are not only “too big to fail”; they are also “too big to prosecute”. In an interview with the Telegraph, Mr Bailey said that prosecuting banks and by implication their executive and non-executive directors,
“would be a very destabilising issue. It’s another version of too important to fail. Because of the confidence issue with banks, a major criminal indictment, which we haven’t seen and I’m not saying we are going to see… this is not an ordinary criminal indictment.”
Mr Cameron, unless I am completely mistaken, Mr Bailey seems to be telling us that banks, and therefore bankers, are now officially considered to be above the law in this country and that, in the interests of confidence in the banking industry (which is already at rock bottom among the British public, and therefore can hardly sink any lower), they cannot be prosecuted.
I am writing to ask you, as Prime Minister, for some clarification.
The Launch of Whistleblowers UK
Whistleblowers UK would like to invite the press, members of the public, students and all interested parties to its official launch on Wednesday 12 December at 12.30 at City University London.
Whistleblowers UK is a new and unique not-for-profit organisation devoted to the support and defence of Whistleblowers. The purpose of Whistleblowers UK is to champion the importance, and critical role of whistleblowers in a democracy. The organisation is composed of whistleblowers from every walk of life, their immediate supporters and those considering alerting the public to issues of public importance.
Many of those with the courage to speak out have experienced great difficulties and faced personal retribution when they’ve exposed cruelty, injustice or corruption. Whistleblowers UK will provide a network of support, legal advice and other services needed by those who have had the courage to speak out and do the right thing. Crucially, it will also offer experientially based advice to those considering what course to take.
Leading whistleblowers, their lawyers and supporters will be attending and will be available to answer questions about their new organisation.
If you are a member of the press and would like to arrange interviews with any of the whistleblowers or would like more information, please call: 020 7040 8220.
Venue and registration details:
The launch will take place from 12.30-2.00pm in the Oliver Thompson Lecture Theatre at City University London, EC1V 0HB (Please use the main Northampton Square entrance to University Building).
The launch is free to attend but registration is required. To register please fill out this online form with your name and how many places you are booking for.
Sent on behalf of Whistleblowers UK
Training & Research Officer
Centre for Investigative Journalism
Department of Journalism, City University London
Northampton Square, London, EC1V 0HB
t: +44 (0) 20 7040 8220 www.tcij.org
The Financial Services Authority-the FSA-have asked to see the Lloyds Bank Whistle Blower,Ian Taplin,for a second time in 2 months;which is an indication of how seriously the regulators regard the Whistle Blowers allegations of serious misconduct at senior levels-within Lloyds Bank.
Ian Taplin, 54,a Private Banking Adviser was dismissed from LTSB Wealth and Private Bank in 2010 for gross misconduct-for insisting his Complaints of misconduct were taken seriously;and for persisting in his escalation of his complaints to senior levels.
The manner in which I,as a British citizen-an employee and genuine Whistle Blowing -was treated by a British Company -right here in the UK -is alarming.Lloyds Bank acted as if our laws were non-existent.
Ian Taplin accuses Lloyds Bank of ignoring UK legislation-which is meant to protect whistle blowers; he explains ;-
“The manner in which Lloyds deal with an employee whom is Whistle Blowing and supposedly protected by UK Law -is frightening and deeply worrying. (more…)
When Bob Diamond left the Barclays HQ in Canary Wharf for the very last time – apparently the entire Barclays workforce became distraught .
This outpouring of collective corporate grief seemingly prompted Bob-suffering his own grief- to write a poem in their honour;-
“Those were the days my Barclays friends!”
” I love Barclays so much,
That I have forsaken the only job,
That meant anything to me.
Barclays is about the people,
My Barclays friends,
Who day in, and day out,
Do their level best
And to help.
I have selected an article from the Financial Times, which you can read below, because it shows that nothing has changed .
The Financial Times has scrutinised the senior level pay of 13 global banks.
This article paints an alarming picture that the banking leaderships are effectively trashing their own shareholders and looting their own banks
These banks are still underwritten by you -the taxpayers and the citizens.These banks are still pregnant with dangerous risks and they are still too big too fail.
Alarmist? Scaremongering ?
No ;this is real ;check it out now.
Ian Taplin,the Lloyds Bank Whistle Blower is alive and well and ungagged.The brave man is recovering well from his impact with an agricultural metal vehicle which broke his scapula bone and bent his Galaxy.
The Lloyds Bank Whistle Blower in such a recovery,,was therefore enabled to enjoy the gift of time,space and peace awarded to him from an unknown and unlikely benefactor-otherwise known as the “Wiltshire agricultural blind man”.; who drove his pick up truck into the Lloyds Bank Whistle Blower’s Galaxy-without permission.
Luckily Ian Taplin has now acquired a new Galaxy and is testing it out with promising results.
Mr Taplin ,53,thus in recovery and in a place of a gift of time space and peace-then set about reading and thus acquiring more knowledge about how to solve the problems of the world,and Lloyds Bank apparent corruption- from his house on the outskirts of Maidenhead. (more…)
Ian Taplin,the Lloyds Bank Whistle Blower has pulled out his fountain pen after a two month break,due to a near fatal cycling accident and promises to resume his popular blog.
Mr Taplin,53,of Maidenhead,Berkshire was knocked down by a pick-up truck in late January-and was rushed by ambulance to Accident and Emergency at Princess Margaret Hospital in Swindon,Wiltshire.He suffered a broken scapula and extensive bruising to his left shoulder,his left arm and down the side of his body.
Mr Taplin remarks;-
“The doctors at A&E remarked that I was extremely lucky that I did not suffer more extensive injuries given the “full on” violent impact of the pick-up truck.”
Ian Taplin, 53 ,a British Citizen- is Whistle Blowing on UKs largest Bank, Lloyds Bank .
Ian Taplin worked at Lloyds Bank from 2005-2010 and was then unlawfully fired for insisting his Complaints alleging dishonest actions by Senior Directors were properly dealt with.
He believes he has substantial and robust evidence of fraud and corruption -being tolerated by Senior Directors of Lloyds Bank.
These Senior Directors obstructed Ian Taplins Formal Complaints and then proceeded to intimidate and bully Mr Taplin who refused to withdraw his Complaints.
Ian Taplin will be submitting Formal Complaints to the UK Regulator and the UK House of Commons in 2012. He plans to lawfully publish these Formal Complaints on this site.
He has been fully supported by Theresa May MP, the Home Secretary and Senior Government Minister.
Ian Taplin is the Lloyds Bank Whistle Blower. Check out his background on;
http://www.dontbankonlloydsethics.com/about/ He can be contacted at firstname.lastname@example.org
- Santa says Happy Xmas and move your money
- 2012 ;the Year of the Bent Banks
- Roll up Parliament and pack it away; no longer needed.
- Whistle Blowers are us
- British Whistle Blowers are organising at London Launch on 12 12 12.
- FSA ask back the Lloyds Bank Whistle Blower -a second time -to tell all .
- Did grief prompt Bob Diamond to write a poem for his Barclays staff?
- Alice in Blunderland
- The reading list of an ungagged whistle blower.
- What doesn’t kill you makes you stronger.