UK bank profits wiped out: "In terms of their reputations, 2012 was a dire year”

Business quote of the day.

"In terms of their reputations, 2012 was a dire year”

Bill Michael of KPMG, commenting on a report from the accounting firm which said that three major UK banks saw a 45 per cent rise in core profits last year wiped out by a mix of regulation and their own mistakes.
 

Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

Show Hide image

The NS Podcast #112: Going Underground

Are women-only carriages the way forward?

This week, we explain why we're backing Tessa Jowell as Labour's candidate for London mayor, talk women-only carriages on the tube, and speak to Tom Shone about Woody Allen. (Caroline Crampton, Barbara Speed, John Elledge, Stephen Bush, George Eaton).

You can subscribe to the podcast through iTunes here or with this RSS feed: https://audioboo.fm/channels/1814670.rss, or listen using the player below.

Want to give us feedback on our podcast, or have an idea for something we should cover? Visit newstatesman.com/podcast for more details and how to contact us.