Still not H.A.PPI

clock

Frankly, I do not give a super-injunction which Premier League footballer has been playing away from home with which reality TV star, but I am still incensed about PPI, even though it seems to have conveniently disappeared as an important story.

It is convenient for the banks because, despite defrauding the public to the tune of something like £9bn, there is no more fuss about it. Instead, no-mark MPs are using their parliamentary privileges to grumble about celebrities getting super-injunctions. If those MPs had been bright enough, last year they would have tried to use super-injunctions to ban discussion about their expenses. RBS’s Fred Goodwin used a super-injunction to cover up an alleged affair with a colleague. But the real issue remains how he managed to preside over a company that needed bailing out by us. That is a s...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

'Conventional diversification no longer provides adequate protection'

Donald Pepper
clock 30 April 2025 • 4 min read
Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Angus Sandison, Investment Analyst, FSSA Investment Managers
clock 24 April 2025 • 3 min read
US M&A spending jumps 50% in March as deal volume declines

US M&A spending jumps 50% in March as deal volume declines

Near 6% drop in number of deals happening

Eve Maddock-Jones
clock 23 April 2025 • 1 min read
Trustpilot