Occupy Wall Street campaigners buy-up debt to abolish it. The Good Banking Campaign | Good Banking - Public Inquiry. Enough of these banking scandals. I'm moving my money | Zoe Williams. Illustration by Matt Kenyon Nobody needs a lecture on what the banks have done wrong, except possibly the self-justifying bankers themselves (and here's a good one). The lecture we need is the one where we move our money. The movement has a name and everything: it's called Move Your Money.
What you do, right, is take your money out of a bank whose behaviour you disapprove of, and move it somewhere else – an ethical bank, a building society, a credit union. It's not a radical idea, and it's gained some pace recently as the big banks vie for the chance to see what alienates customers the most, between not being able to run a website, not being able see a market without wanting to rig it, not being able to take responsibility for anything and simply not giving a toss.
I haven't done it, for these reasons, in ascending order of irrationality. There's some cognitive dissonance, where your psyche beefs up those good experiences to make sense of a loyalty that is otherwise craven. What About My Bank? · Move Your Money UK. Barclays The bank has an Ethiscore of 0.5 out of 20 With investment in everything from tar sands to cluster munitions Barclays is as far from ethical as you can get. The company might have an 'Environmental and Social Impact Assessment (ESIA) policy" but it's out of date (from 2009, with targets set for 2010 that it missed) and fails to mask the blatant disregard the company shows for both the environment and society through its investments and banking relationships.
Bonuses Bob Diamond, president of Barclays Capital, has a salary of £250,000 but his bonuses are reported to reach up to £20m. ⇒ In 2010 five of the companies highest paid executive officers each received between £1million and £3.5 million in remuneration with the possibility of this rising to £11 million. ⇒ Tax Avoidance Environment Research from Banktrack recently uncovered a host of environmentally damaging projects funded by Barclays. Arms & Human Rights Lobby Groups Its also a member of the following lobby groups: Customers Tax. TEDxO'Porto - Mark Boyle - The Moneyless Man.