Cable attacks 'anti-business' UK banks

Vince Cable has launched another broadside against banks, branding them as ‘anti-business' and slamming them for their "greed and stupidity".

Speaking at the Liberal Democrat Autumn Conference today, the business secretary introduced plans to set up a British Business Bank, which would offer up to £10bn of finance to small businesses. "Our leading banks are often anti-business, especially anti-small business," he said. "They threw traditional relationship banking over the side and sold useless insurance and dodgy derivatives instead. "Public anger at the greed and stupidity in this industry will continue for a long time. But I am looking forward to - and I want to work with - the new generation of sensible bankers to suppor...