Banks shouldn’t be given such a hard time, says Mandelson

May 30, 2009 by admin  
Filed under News, News-Banking

The Business Secretary, Lord Mandelson, has recently said to colleagues that the banking industry needs to be given a break, as banks are being given a hard time at the moment. He said that whilst banks had been given a ‘well deserved bloody nose’ but that people now needed to ease up on the banks because they needed them to succeed for the sake of the economy. Read more

Tags: royal, irresponsible lending, key, Bailout, banking crisis, huge bonus payouts, bank executives, Lord Mandelson