Instead of a firesale, reform RBS into local banks

June 16, 2015

Osborne’s reckless RBS firesale is a terrible idea, not only because of the £13 billion loss to the taxpayer, but also because doing so would miss an invaluable opportunity to fix Britain’s broken banking system. British taxpayers are solely responsible for the bank’s survival, having poured over £45 billion into […]

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It’s 2015, not 2008. Let’s make RBS work for us.

June 10, 2015

This week the UK’s biggest banks were given record fines for fraudulent and criminal activity, intimidated the government for reductions to “burdensome” regulation, and announced mass branch closures to feed their investment banking arms’ thirst for capital. You’d be forgiven for thinking it was 2008, not 2015. We’re seven years […]

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Our response to the Mansion House speech

In today’s Mansion House speech the Conservative Chancellor, George Osborne, is set to announce how the government will sell off its 79% majority stake in RBS. Responding to the news, Fionn Travers-Smith, Spokesman for Move Your Money, said, “After bailing out RBS for £45 billion and suffering the cuts to […]

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HSBC – take responsibility for your role in driving climate change

June 2, 2015

  Dear Brendan McNamara, Thanks for responding on behalf of HSBC to our supporters regarding our current campaign on fossil fuel divestment. We welcome HSBC’s willingness to engage on the urgent issue of climate change, and note that HSBC has now become the fourth major bank to publicly respond to […]

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HSBC responds to our Divest! campaign

  Last week HSBC became the latest big bank to respond to our Divest! campaign, which calls for Britain’s biggest banks to disclose their investments in fossil fuels and commit to divest from them – or risk losing their customers. We’d already received responses from RBS, Lloyds, and Barclays (which […]

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Social purpose cast aside as RBS crushes small businesses for profit

May 18, 2015

A modern society cannot function without banks. Whether it’s to provide a place to store your money, create payments between people and businesses, or to provide credit to those who need it, banks perform essential services without which modern life would not be possible. These services represent the social function […]

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Guest Blog – Is finance the last bastion of immorality?

April 23, 2015

Is finance the last bastion of immorality? I only ask because it seems that in no other walk of life are professionals actively encouraged to be immoral. With the prioritisation of personal profit, anything goes. If the target is double digit returns, how they are generated is not a matter […]

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Guest Blog – How will Sabadell’s buyout of TSB affect the “local” bank?

April 13, 2015

TSB have made much of their “differences” from other British banks since they re-emerged from Lloyds in 2013. They’re proud of the fact that they “don’t do investment banking or overseas speculation”, instead focusing solely on retail banking in the UK. Their website features videos explaining in simple terms how […]

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It’s time to #MakeTaxFair with a Tax Dodging Bill

April 7, 2015

We all pay our tax. But companies like Amazon, Google and Starbucks can get away without paying their fair share – while banks like HSBC and RBS design and use tax evasion systems to help them get away with it. Every year the UK loses over £119 billion to corporate […]

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Guest blog – Is bank ring-fencing set to go down the pan?

March 23, 2015

By Thomas Lines Not long ago I met a financial regulator at a social function. A fund manager who once made news as a star performer, his fund took a downturn before the crash and eventually he turned to a job at one of the government’s new regulatory agencies. Pointing […]

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HSBC Embroiled in new mis-charging scandal

March 2, 2015

HSBC became embroiled in yet more scandal yesterday, after evidence from whistleblower Nicholas Wilson emerged that one of the bank’s subsidiaries may have defrauded customers with illegitimate charges added on debt collection. Up to 600,000 Customers of the now defunct Household Finance Corporation (HFC), a wholly owned subsidiary of HSBC […]

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What a party!

February 19, 2015

Surveying the scene with bleary eyes and a splitting headache, you can always tell how good a party is by what’s been left in its wake. And what a party Global Divestment Day was! Thousands look to have closed their bank accounts from fossil fuel funding banks, and to have […]

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Swiss leaks suggest mass illegal HSBC tax evasion

February 9, 2015

Swiss leaks suggest mass illegal HSBC tax evasion HSBC, the world’s second largest bank, was last night accused of tax evasion on a major scale, aiding almost 100,000 customers to illegally avoid tax through offshore accounting irregularities. Emergence of the “Swiss data leaks”, containing records of almost 7,000 Brits that HSBC helped avoid and […]

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Countdown to the Global Divestment Day party!

February 5, 2015

Just over 1 week to go! With Global Divestment Day only 9 days away, here’s our countdown on how you can join the awesome MYM Divestment party where we’re all moving our money…  While the big banks pop the champagne corks and slap each others’ backs on profits they’ve made investing our money […]

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Case Study – Directly invest in renewable energy

February 3, 2015

With Global Divestment Day just over two weeks away, another option to consider when divesting your money away from fossil fuels is community energy. Many community energy projects offer a fair return on your money but also have a tangible social impact on the communities they serve and help them […]

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