Protesters to ‘occupy' London Stock Exchange

About 4,000 people are planning a mass demonstration outside the London Stock Exchange to protest against "financial injustices", in a move to expand the Occupy Wall Street demonstrations that began in New York.

Bloomberg reports a peaceful demonstration will start at 12pm on 15 October according to Kai Wargalla, one of the organizers of Occupy London Stock Exchange, in a telephone interview today.

The group plans to mass in Paternoster Square, close to the London offices of both Bank of America in King Edward Street and Goldman Sachs Group on Fleet Street, 

Occupy Wall Street rallies started last month in New York's financial district, where people have been staying in a Lower Manhattan park to protest inequality and advocate higher taxes for the wealthy.

Citigroup Inc. chief executive Vikram Pandit said today he would be happy to talk with participants, saying their sentiments are "completely understandable".

"We are protesting against social and financial injustices," said Wargalla, a student, who declined to give further information about her background.

"If you look at the financial sector and the political and regulatory system they don't work for us, the common man."

Tom Gilbert, a spokesman for London-based LSE, told Bloomberg the exchange is aware of the protest and has no further comment.