Media framing and banking scandals — The Co-operative Bank vs HSBC

Over the past 24 months, two UK banks have had major capital shortfalls reported in the press and been embroiled in scandals involving cocaine and other illegal drugs. Those banks are HSBC and the Co-operative Bank.

Labour to move from Co-op to The Unity Trust Bank

Commenting on Labour’s plans to move its money, Charlotte Webster, Campaign Director, Move Your Money said:
 
 “We welcome the news that The Labour Party is looking to switch from The Co-operative to Unity Trust Bank. It sends a strong signal…

Guest blog: Why Preston’s moving its money

By Councillor Martyn Rawlinson, Preston City Council

The reality of austerity

Preston City Council has been battered by austerity and the recession, from car parking to council tax and from investments to…

Co-op Bank Review: “Organisation did not live up to ethical principles”.

Commenting on the findings of the nine month review of The Co-operative Bank, Charlotte Webster, Campaign Manager, Move Your Money said:
 
 “Today we see exposed some of the biggest issues in our big…

Reaction to Lloyds shortchanging on PPI

Lloyds Banking Group has been cutting the compensation it pays to payment protection insurance (PPI) claimants, a BBC investigation has revealed. Commenting on the developments, Charlotte Webster, Campaign Director, Move your Money said:

Reaction to Co-op bank losses & 600,000 new switchers

Charlotte Webster, Campaign Director, Move Your Money said:

“Today’s been a very mixed day for British banking. On the one hand, The Co-op Bank’s losses confirm our fears for the organisation; yet their decision…

Guest blog: Is TSB’s ‘local’ promise real?

By AM Poppy, a bank customer

An advertisement in my bus stop lifted my heart. It said in big, blue, unadorned text: “Together we can support our community. Welcome back to local banking. TSB”

Reaction to closure of 44 RBS branches

On hearing that RBS is to close 44 branches across the UK, Charlotte Webster, Campaign Director, Move your Money said:

“RBS has consistently undermined the interests of its customers and wider society since being bailed out in 2008. Not…