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Bankers fines (issued by FSA) should be directly redistributed to bank customers

Submitted on Saturday 30th June 2012

Published on Tuesday 3rd July 2012

Current status: Closed

Closed: Wednesday 3rd July 2013

Signatures: 4

Tagged with

Tax

Petition Action

Bankers fines (issued by FSA) should be directly redistributed to bank customers

Additional Information

Barclay's bank has just been fined 290 million GBP by the FSA and equivalent authorities in the US. Shouldn't the customers of Barclay's, and other banks in future, benefit from this cash? It should be issued to customers as a tax free lump sum compensation.

Government should legislate to make all fines issued by FSA to be channelled directly back to customers.


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