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IMF Chief Says Banks Haven't Changed Since Financial Crisis

      

Christine Lagarde, the managing director of the IMF, presents her address to the Inclusive Capitalism Conference. Photograph: John Stillwell/AP

Christine Lagarde tells London conference banking sector is still resisting reform and taking excessive risks

theguardian.com - by Angela Monaghan - May 27, 2014

The head of the International Monetary Fund has warned that a persistent violation of ethics among bankers and rising inequality pose a major threat to growth and financial stability.

Christine Lagarde told an audience in London that six years on from the deep financial crisis that engulfed the global economy, banks were resisting reform and still too focused on excessive risk taking to secure their bonuses at the expense of public trust.

She said: "The behaviour of the financial sector has not changed fundamentally in a number of dimensions since the crisis.

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People Surge Swells

Their grief turned into anger the following day when they joined a march that they now want to replicate in different areas across the country.

Series of protests vs Aquino govt set nationwide

manilastandardtoday.com - by Ronald Reyes
January 28, 2014

SURVIVORS of super typhoon Yolanda and their supporters on Monday vowed to stage more protests to express their indignation at the slow government response to their needs, after last Friday’s “People Surge” demonstration gathered more than 12,000 people in Tacloban City.

“This is a People Surge – a swelling of the people demanding justice for Yolanda victims and asserting their right to food, housing, livelihood and social services,” said Sister Edita Eslopor, OSB, chairperson of People Surge, an alliance working for the victims of typhoon Yolanda.

. . . This is just the first of a series of protests that will fill the streets of major cities across the country in indignation of the Aquino administration,” Eslopor added.

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