July 2nd, 2012

British Bankers Association Cancel Summer Bash

Former Tory MP Angela Knight has more bad news for the bankers and their chums this morning:

From: Ben Andersen-Tuffnell
Sent: 02 July 2012
Subject: CANCELLED – BBA Reception on 4 July

Message sent on behalf of Angela Knight, Chief Executive, BBA

Dear Attendee,

We believe that in the current circumstances it would be wrong to proceed with the reception on Wednesday evening. We regret the short notice but our industry needs to think long and hard about its collective behaviour and I am sure you understand this is not the time for such an event to take place.

Regards,

Angela

Angela Knight CBE
Chief Executive

British Bankers’ Association (BBA)
“The voice of banking and financial services”

Pinners Hall
105-108 Old Broad Street
London EC2N 1EX

No Bolly for the big boys then.


107 Comments

  1. 1
    Anonymous says:

    Not in public, anyway.

    Angela will, of course, continue to take her huge salary…

    • 3
      Nom Dom Nom says:

      + A Bankers Bonus

      • 31
        Anonymous says:

        It would seem that by forcing small companies to take on unnecessary financial products which crippled them financially and made them go bust the bankers greed not only caused the recession but is stalling its recovery.

        Shame on all of them. A few imprisonments please.

        • 41
          Matthew Pederast-Paris says:

          Fear not, beautiful Angela! As a compensation I shall bash my bishop extra hard today!

          • Isaac Hunt says:

            I guess it was cancelled because there is a good chance that Bob and Marcus would be late?

          • UKIP.i.am says:

            If Jimmy Saville had still been alive he could have fixed the Libor rate for them.

          • Ivor Tapeworm says:

            Oh, what a shame!

            These get-togethers are usually an opportunity to arrange some price-fixing and collude in anti-competitive practices.

            For example:

            Banks, their Credit Card Products & their charges for late payment/ exceeding credit limit:

            Barclaycard (10 Card products) £12/ £12
            HSBC (3 Card products) £12/ £12
            RBS (4 Card products) £12/ £12
            Santander (2 Card products) £12/ £12
            Sainsbury’s (4 Card products) £12/ £12
            LloydsTSB (4 Card products) £12/ £12
            Co-Op (4 Card products) £12/ £12
            Halifax (6 Card products) £12/ £12
            Tescobank (2 Card Products) £12/ £12
            MBNA (40 Card Products) £12/ £12

            So, 10 different High Street banks offer a total of 81 different credit cards to choose from.

            And the charges for exceeding your credit limit are all £12, and paying late are all £12. ON ALL 81 PRODUCTS.

            It’s time someone read the Competition Act and was reminded that price-fixing and anti-competitive practices are fraud.

            Is the highly-paid Competition Commissioner asleep at the wheel like all out other regulators?

          • Ivor Tapeworm says:

            Oh, and when the FSA ‘investigated’ Credit Card Charges, the banks told the FSA they didn’t want to reveal their costs to the FSA, as they didn’t want their competitors to find out.

            Competitors? Look how the prices are fixed now!!! 162 identical charges of £12. The banks are just allowed to take the piss and the FSA does nothing.

            Mind you , the suspended FSA investigation was handy for blocking any other investigation into the matter.

            One does wonder why the FSA started an investigation and then suspended it. A cynical person might suspect it was a damage limitation exercise by the FSA to protect the banks and prevent any other regulatory body from investigating.

    • 17
      Chuka says:

      I am De Gangstas’ Ganja Mon.

    • 61
      AC1 says:

      I we don’t leave the EUSSR and (properly) control our borders soon then turkey will enter and we’ll get more of this.

      http://www.bbc.co.uk/news/world-europe-18665517

  2. 2
    Quisling says:

    Yawn

  3. 4
    Tachybaptus says:

    Very fitting that the British Bankers’ Association is in Pinners’ Hall. They’ve been pinning us down for years.

  4. 5
    Atilla The Hunni says:

    organised crime PAYS VERY WELL……

  5. 6
    The public says:

    Arrest them all

  6. 7
    Gordon Brown says:

    They didn’t invite me anyway!

    • 16
      Gordon Brown also says:

      Today I will Stage 2 of the Tour de France

      • 18
        Gordon Brown also also says:

        Today I will WIN Stage 2 of the Tour de France!

        • 23
          Gordon Brown says:

          I won last night’s match for Spain.

        • 27
          Gordon Brown also also and also says says:

          Today i will save the world and establish a global socialist nirvana, a veritable shangri-la for the world commune, which i will govern fairly.
          All this will come from the fabled money tree that i have discovered in my back garden which rains money when you utter the magical incantation……………Gimme, Gimme, Gimme money.
          Bliss, people will want to talk to me and i will be the centre of all attention, as is only right and proper.

  7. 8
    Investor says:

    Buy shredder futures

  8. 9
    HM Her Majesty says:

    Who gave that woman a CBE?

    • 25
      Mornington Crescent says:

      Made a CBE in the New Years Honours in 2007.

      She’s on her way out of the BBA – to join Energy UK, the trade body for the energy suppliers. So be prepared to be shafted even more by your energy supplier this coming winter.

      BTW, I see Marcus Agius has also just resigned as Chairman of… the BBA!!

      • 66
        AC1 says:

        Who decided that one then? What government was in power at the time?

        All these and more questions will be ignored by the BBC.

      • 67
        AC1 says:

        BTW, Will he resign from the BBC?

      • 74
        Very Wealthy Wind Farm Gentry says:

        “So be prepared to be shafted even more by your energy supplier this coming winter.”

        Such an unfortunate turn of phrase.

        As a major player in the renewable industry, I would prefer the phrase “wise investment in our shared future”.
        It has been proven now, beyond all argument, that the globe could turn into a fireball or alternatively, humanity be destroyed by upset space aliens, if we do not mend our planet killing ways.
        To fund this wise investment, everyone will have to pay a lot more for precious and increasingly scarce electricity, in our shared and sustainable future.

        I hope this has cleared up your evident confusion.

  9. 10
    Earn money honestly says:

    Some of you won’t like this but this is what happens when you have unfettered capitalism. Calm down, I’m not a socialist. I’m capitalist but totally unfettered capitalism leads to this toxic culture of greed and fraud.

    • 12
      Anonymous says:

      It’s the other way round, actually – greed is not exactly new??

      • 20
        Pundit Too says:

        Word used in the statement should have been “corrective” rather than “collective”

        • 90
          UKIP.i.am says:

          Nobody wants unfettered capitalism and never has. Unfettered capitalism would make burglary and mugging legal.

          What people want is a state that has the bollocks to uphold the laws it makes and make sure those laws are for the benefit of the majority rather than the few. Sadly the state can never be trusted.

      • 26
        Aunty Matter says:

        It’s what happens when you let socialists regulate anything.

    • 48
      klk says:

      you fucktard

      unfettered capitalism does not mean bailing out banks

      • 54
        Earn money honestly says:

        Who said I support bailing out banks?

        • 96
          Really? says:

          You are under the illusion that we have a free market capitalist system, we do not.

          We have rigged market corporatism and these crooks work hand in glove with the political parties. That is why everything is distorted and corrupted, prices bear no relation to actual cost, or the laws of supply and demand and banks get bailed out with stolen taxpayers money.

          Take the entire “green” economy that the corrupt elite yabber on about endlessly, it is subsidised by taxpayers to the tune of around £250,000 per job “created”, per year.

    • 50
      Some clown says:

      I should imagine it’s what happens when you let incompetent greedy politicians looking for a retirement job (a la Blair’s job at Morgan Stanley – think that was the bank) govern and loose the rules on greedy bankers. None of our politicians, or civil servants, seemed to understand what they were trying to govern or economics. They still don’t seem to understand as none of them ever have in my lifetime. I can’t think of one country in the western hemisphere no matter how capitalist or socialist that has escaped. Ok some were more insulated than others but that was due to sensible regulation. What we need is a government that cares about the people and the economy and understands the needs of both. Shame we can’t find them and we keep having to elect these tossers on either side.

      • 69
        Tony Blair - USSEU President Elect says:

        Well…that’s democracy for you!

      • 71
        AC1 says:

        It’s what happens when you tax work, and thus need (exponential) increases in debt in order to keep the economy looking like it’s working.

        The corrupt party has (always) been the state! Falsely claiming to run in our interests.

  10. 11
    LIE BORE says:

    no flowers, contributions to:

  11. 13

    SO – all that tax payer funded bailout money, scandals and mis-selling of complex financial packages, and they cancel a dinner.
    How civil minded of them.

    Thanks.

  12. 14
    Disaster Dave says:

    Don’t blame me!

  13. 15
    Lord Scalded Bollock says:

    Angela Knight is a “diamond” cancelling this bash.

    Another crate of Bollinger please old chap.

  14. 19
    Penfold says:

    Good ole Angela, totally ineffectual and useless.

    She and bankers, a fated alliance.

    Yet another casualty who’se head needs to roll.

    • 21
      • 97
        Really? says:

        Don’t cheer too loudly, the trougher is going to yet another sinecure for failed politicians, in the advisoty body that represents the mighty greedy and utterly useless, green industry.

        Expect your home heating costs to rise ballistically.

    • 24
      Lord Myners, Financial incompetency Minister says:

      Only I was ineffective and incompetent – credit where credit is due.
      Only I forgot that Balls and Brown had a hand in it too, but they are real criminals.
      Now sing the new Red Flag chorus after me – “Labour are innocent and will fight greed and corruption”

      • 55
        Some clown (With a crystal ball) says:

        Ah in your future I see the same as the past. Your politicians were, are and will be greedy and self-serving. No-one will serve the people. All will count on your public suffering from memory loss and do as the civil service says. You are doomed to rot in poverty unless luck plays you a good hand and you make the most of it.

      • 75
        AC1 says:

        Lord Myners….

        Were you in charge of pensions simplification? I seem to remember it got twice as complicated after your report (with much higher fees for pensions providers)…

  15. 22
    Piss up in a brewery says:

  16. 28
    Quisling says:

    There fixed it for you….

    Dear Attendee,

    Short Stirling, that’ll show the fuckers

    Regards,

    Angela

  17. 30
    Perry says:

    This should not have been at the last minute like this. If this organisation is able to read the runes – as it should with our livelihoods and so much else in its hands, this type of event would have been seen as inappropriate a while ago.
    This spend, spend, spend culture must be great – just a pity that more of us are not sharing in their largess – like the kids who do need trainers.

    • 34
      Quisling says:

      Precisely. They knew this was coming down the wire months ago and why RBS sacked 4 pawns months ago. Nothing more than cynical media manipulation.

  18. 35
    Mark Who Married A Banker's Daughter says:

    You do not need to know anything let alone anything about banking to make it in banking!

  19. 36
    The Labour Party says:

    We accept full responsibility, which is why the party responsible is in power

  20. 38
    Col Nut says:

    Nothing to worry about, they’re all diamonds.

    • 83
      bandersnatch says:

      As the man on the tele put it, glumly, ‘Diamonds are for ever’… (Well given the Chairman’s resignation for a bit longer anyway). Maybe he should have pointed out that, considering past bonuses, they are also still a girl’s best friend.

  21. 39
    Nobinson says:
    • 47
      bergen says:

      Obviously Fox is not a follower of Sailor Ted.

    • 49
      Erm... says:

      Which party took us into Europe, Lliam? And which party didn’t take us out? Weren’t you in that government, once? Would you have said this if you still were?

    • 51
      Leftard says:

      Typical same old Tories!

      How DARE they contemplate exit from the latest insidious attempt to install crypto-Socialism! We’re going to be leaving before it gets to the good bit, where we get to queue for bread and wrongthinkers get sent to special camps for re-education!

      I agree with Nick. It is wrong to even think about this, never mind displaying such disgusting insubordination to our benevolent bureaucratic overlords by suggesting it out loud.

    • 59
      Raving Loon says:

      Senior Tory?

  22. 44
    Boris Johnson says:

    I have no comment regarding the fact that Robert Diamond is an Advisor,in my capacity as Mayor Of London.

  23. 45

    Nick Wood is less than crystal clear in the Mail today:

    Labour is stealthily moving towards a manifesto pledge to hold an in/out referendum on Europe in which it would campaign for a Yes vote.

    Yes to in or yes to out, Nick?

  24. 46
    Get the popcorn says:

    With Rupe joining in by calling Scientology creepy, this could get messy! Fun times ahead!

    Katie Holmes believes Scientology now views her as a threat to the organization and has put a team on her tail … sources close to the actress tell TMZ.

    We’re told Katie believes in recent weeks — as the discord between her and Tom Cruise grew — Scientology has been following her moves, especially in New York City.

    • 63
      jgm2 says:

      Didn’t they do that to some reporter chap who was investigating the cult? I seem to remember he blew up quite spectacularly on camera. Experts at fucking with your head them scientologists.

    • 64
      Rupe says:
      • 78
        Get the popcorn says:

        News Corp chairman Rupert Murdoch took a swipe at Tom Cruise on Sunday in a series of tweets that labeled the Hollywood star a No. 2 or No. 3 person in the hierarchy of Scientologists, a group the media mogul called “creepy.”

        Murdoch acknowledged his tweets would be controversial about an hour afterward with: “Since Scientology tweet hundreds of attacks. Expect they will increase and get worse and maybe threatening. Still stick to my story.”

        A representative for the Church of Scientology was not immediately available on Sunday to comment, nor was an attorney for Cruise.

        • 92

          They have every right to believe that a science fiction book writer had stumbled upon the meaning of life – some Greek manuscripts, written at least 100 years after the event, started the worlds biggest fairytale, after all.

          And L Ron Hubbard disappeared under mysterious circumstances as well….

          Beam me up!

  25. 52
    klk says:

    Where were the BBC when all this banker shit was going on?

    Why haven’t they exposed all this earlier?

  26. 58
    JH says:

    Fuck Paul Mason.

    Fuck his propaganda attempts, paid for by tv license fee extortion.

    You can always tell these Gramscian lefties who try and look impartial – they always have a weird twist to their expressions, as the weight of all the cognitive dissonance required to believe in socialism leaks out into their facial muscles.

    • 95
      Paul Mason says:

      But I’m am still a paid up member of the Trotskyist – Workers Power Group and I am still ‘father of the chapel’ in the NUJ.

      Neoconservatism was founded in Trotskyism going back some time ago. Neocons are libertrians and pro the free-markets and liberal democracy.

      I’m actually a ‘left-wing’ shill for the far right.

      Look at this if you don’t believe me…

      The Neocons: An Illustrated Progression

      http://www.washingtonpost.com/wp-dyn/content/graphic/2008/02/01/GR2008020102389.html

      • 100
        Really? says:

        What a load of utter tosh. The WaPo is about as credible as the Graun or the NotIndy. What next a “story” from the facile New York Times?

  27. 62
    Raving Loon says:

    The BoE rigs interest rates through monetary policy, and colludes with bankers to rig LIBOR, but only private sector bankers are to blame? What?

  28. 70
    The BBC says:

    We at the Banker Bashing Corporation are proud to bring down Britain’s biggest industry, it’s the impartial thing to do.

  29. 73
    Lord Starveacre says:

    Mrs Knight has shown some commonsense that is so rare in public life these days

    • 82
      Well it's a thought says:

      Prvobably have it in a COOP hall just out of town, maybe they all know where via email.

  30. 79
    Interested Observer says:

    No report on the bitchy Twitter cat-fight between Tim ‘nice but dim’ Montgomerie (cons) and Michael Heaver (UKIP) Guido??? They’re going at it like a pair of SkyNews anchors!

    • 91
      Well it's a thought says:

      I get the impression after reading Tim nice but dim comments on his dreams of all the lovely people of Britain walking hand in hand into the hands of the EU unelected, to be part of of him getting told to keep to the party line otherwise an mp ship will be unavailable in 2015.

  31. 81
    YorkshireLad says:

    Oh dear, how sad, never mind

  32. 84
    Richard Whittington says:

    Oh, God. Does this mean I’ll have to eat the wife’s hopeless attempt at cookery? It’s far too late to get a table at the Ivy.

  33. 86
    Just plain Fred Goodwin says:

    Frankly my dears,I don’t give a damn !

  34. 103
    Chris The Leatherman says:

    After Richard Bacon, Steve (in the afternoon) Wright, Angela Knight is my 3rd bete noir. God, she is an arrogant cow , whenever she opens her mouth you can hear all the arrogance of the City bankers. The voters of Erewash had it absolutely right when they threw her out maybe we shopuld ask them to run our banks.

  35. 106
    Steve P says:

    Surely they should have gone ahead but served only lukewarm tapwater and dry bread?

  36. 107
    Blowing Whistles says:

    A snippet from the D Mail – (but note below what the DM & its egals don’t say) at pg 7 (‘Trade minister dragged into scandal’) says

    Lord Green is now in the scandal – he was the former Chairman at HSBC – and WAS “… head of the BBA when it cleared lenders of rigging the crucial Libor interest rate system – a ruling that has come back to haunt him. The BBA, which oversees Libor, was warned of abuses in 2008 but after a review it rejected the allegations, saying:

    ‘We don’t think there’s been anybody trying to deliberately manipulate the figures.’”

    Note:- those pitiful get out words – “We don’t think”

    The public won’t be getting the DM’s Lawyers telling the public about the ‘ambiguity’ of those 3 little words. The BBA after a ‘review’ ought to have known many things for a ‘fact’ and if they were not playing hookey with the truth should have stated “We know for a fact that nobody was …”

    The devil is in the detail of the rhetoric and jargon.

    That concludes todays lesson in ‘legalese’ – by someone who is not beholden nor craven to the Law Society or Media laws.


Seen Elsewhere

Inside an Islamist Takeover Plot School | Newsnight
Ed Heads to Scotland | Sun
Assad’s New Chemical Weapon Attacks | National Review
Jason Groves New Mail Deputy Pol Ed | MediaGuido
Cocaine Conservatives | Standard
Jezza Browne Responds to LibDem Haters | LibDem Voice
Why Britain Needs to Leave the EU | Douglas Carswell
Who Tells Ed When He’s Wrong? | Speccie
Hands Off Our Cojones, Mr Clegg | Laura Perrins
London Live Averaging Just 2,400 Viewers | Forbes
Ed’s Constitutional Failure | ConHome


new-advert
Guido-hot-button (1) Guido-hot-button (1)


Dan Hodges on Team Miliband:

“‘Poisonous’, was the picture painted by one former senior advisor. ‘Dysfunctional,’ said one shadow cabinet member. ‘A bunch of medieval courtiers, not an office,’ said another. The most positive description I could get was ‘It’s a work in progress. They’re learning. Slowly. But they are learning.’”



Nick Clegg says:

Do you want lies with that?


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads