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Banks

Is there now anyone out there who doesn't think Banks are just legalised loan sharks and rotten to the core.
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Comments

  • No, they are not
  • ....are the new Estate Agents.

    a necessary evil that is mistrusted by everyone.
  • I don't agree with your comment one bit. So I guess the answer to your comments is yes there is someone out there.
  • (1) Artificial manipulation of Interest Rates for their benefit
    (2) Mis-selling of Endowments
    (3) Mis-selling of PPI
    (4) Mis-selling of Pensions
    (5) Junk Bonds
    (6) Foreclosure of Accounts
    (7) Refusal to lend
    (8) The awarding of outrageous Bonuses
    (9) Call centre mentality with 30 day turn round for complaints vs appointment "yesterday" for potential sale
    (10) A culture of risk and "as long as it makes us money no questions asked" mentality.

    Is it any wonder some people don't trust them?
  • (1) Artificial manipulation of Interest Rates for their benefit
    (2) Mis-selling of Endowments
    (3) Mis-selling of PPI
    (4) Mis-selling of Pensions
    (5) Junk Bonds
    (6) Foreclosure of Accounts
    (7) Refusal to lend
    (8) The awarding of outrageous Bonuses
    (9) Call centre mentality with 30 day turn round for complaints vs appointment "yesterday" for potential sale
    (10) A culture of risk and "as long as it makes us money no questions asked" mentality.

    Is it any wonder some people don't trust them?
    THIS !!
  • How can this Diamond geezer stay in his post? Either he knew what was going on or he didn't. I'm not sure which is worse, but either way he should go, preferably to a police station.
  • They should be made to loan more money out to folk that don't pay it back.
  • They should be made to loan more money out to folk that don't pay it back.
    Agreed. That would solve a lot of problems.

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  • The toffs supposed to manage the banks are less smart than the barrow boys they employ who know how to palm off the dodgy stuff at the back of the stall for the price of the good stuff.
  • They should be made to loan more money out to folk that don't pay it back.
    Bit like Banks taking Customers' money, gambling with it and then asking those customers, via the Government, to bail them out. Can't lose can they?

    And they can still carry on paying the outlandish bonuses to the very people responsible for the mess e.g. Bob "I think we've apologised enough" Diamond. Until the next scandal that is.
  • Well, I hope this is an end of it. As an ex-employee I still hold a lot of Barclays shares.

    They're all very shady - they may have gone to the best schools and wear the top designer suits, but they're up to all sorts and this is the "establishment" - God help us.

    I could tell you some storied but I don't want to get sued.
  • What they have done is fraud and should be charged under that offence. But I'm sure that if Diamond has to step down, he'll be given a handsome reward for all his wonderful work.
    I was under the impression that after the Government's bail out, things were going to change but obviously it's the banks who call the shots and not the Government.
  • Well, I hope this is an end of it. As an ex-employee I still hold a lot of Barclays shares.

    They're all very shady - they may have gone to the best schools and wear the top designer suits, but they're up to all sorts and this is the "establishment" - God help us.

    I could tell you some storied but I don't want to get sued.
    Just tell me over a pint then saga.........
    Of course a week ago we were told that the issues of Nat west were all resolved, and just a few technical issues.
    Try telling that to the customers of there Irish part of the company more than 1.5 million still not able to access there money.
    I went into the bank on Monday, and despite a very charming lady at the Blackheath standard branch could not tell me when the 'technical issues' would be resolved.
    Apparently according to the MP on tv this morning it is up to the Board at Barclay's who runs there company.i.e. the shareholders.
    if that is the case and RBS are involved in this latest 'revelation' why is the treasury so quiet, after all we are the majority shareholders.
    I do hope that a cosy arrangement is not made beetween the cps and the banks on this.

    I am sure Barclay's are not the only ones, just the ones found out. As Paul Lewis stated 'this is fraud'......
    Apparently not where banks are involved.
  • edited June 2012
    It is fraud, plain and simple.

    They used deception to accumulate massive profit.

    If you or I did it, we'd go to jail.
  • edited June 2012
    more to the point I wonder what proportion of the population mysefl included, does not understand wtf this particular bit of dodgy dealing actually was and how it worked..

    :)
  • What do our, erm ....friends, Mr Cameroon and Mr Osborne have to say?
  • I am no expert but like a lot of the posters on here become more and more disillusioned with the banks in the world. High time the govenment brought back regulation of the banks and also forced a seperation of the day to day banking business that affects everything we do and the Casino speculation acitivities that led to the crisis in 2008. Fact is eveythign that happens globally revolves around a banking system that works properly and what is horrifyingly worrying is that it appears to be slowly unravelling.
  • What do our, erm ....friends, Mr Cameroon and Mr Osborne have to say?
    They don't like to single out individuals or companies as its grossly unfair
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  • What do our, erm ....friends, Mr Cameroon and Mr Osborne have to say?
    They don't like to single out individuals or companies as its grossly unfair
    Grossly unfair to what? Embarrass your friends?
  • What do our, erm ....friends, Mr Cameroon and Mr Osborne have to say?
    They will probably blame it on this fella and his mates...

    Gordon Brown admits 'big mistake' over banking crisis BBC
    Gordon Brown has admitted he made a "big mistake" over the handling of financial regulation in the run-up to the banking crisis of 2008.
    He said: "We set up the FSA [the City regulator] believing the problem would come from the failure of an individual institution. That was the big mistake.

    "We didn't understand just how entangled things were."

    Mr Brown said he had to "accept my responsibility" but added he was not the only one who had made mistakes.

    Conservative Party deputy chairman Michael Fallon said: "These are the first words of contrition Gordon Brown has uttered in his entire political career.

    "But he hasn't apologised for doubling the debt, selling off the gold and leaving our children and grandchildren paying the bills for his mistakes."

    He also called on Labour leader Ed Miliband and shadow chancellor Ed Balls, who were both key advisers to Mr Brown during his years as chancellor, to apologise.
  • I read yesterday that 83% of RBS is owned by the British taxpayer yet their call centres are outsourced to India even though our unemployment figures are spiiralling. Why isn't the government leaning on RBS (and others) to rectify that situation?

    Oh wait. This is a government that persists in giving foreign aid to a nation that can afford it's own nuclear and space programmes.
  • A little bit rich (no pun intended) though Floyd, when Cameron & Osborne were amongst those in the Conservative Party who, whilst in opposition wanted less regulation for their friends in the City.
  • A little bit rich (no pun intended) though Floyd, when Cameron & Osborne were amongst those in the Conservative Party who, whilst in opposition wanted less regulation for their friends in the City.
    Oh yes, I agree, but the fact is it was the Labour party who actually got us into this mess, and its the same individuals in opposition who have the staggering hypocrisy to criticise the methods of getting us out of it.
    It reflects badly on both main parties, but Oggy's question was 'what will Cameron and Osbourne say', and I was suggesting their possible obvious answer.

  • A little bit rich (no pun intended) though Floyd, when Cameron & Osborne were amongst those in the Conservative Party who, whilst in opposition wanted less regulation for their friends in the City.
    Oh yes, I agree, but the fact is it was the Labour party who actually got us into this mess, and its the same individuals in opposition who have the staggering hypocrisy to criticise the methods of getting us out of it.
    It reflects badly on both main parties, but Oggy's question was 'what will Cameron and Osbourne say', and I was suggesting their possible obvious answer.

    @FloydMontana,

    Ffs stop blaming the Labour Party for all the ills currently affecting the WHOLE WORLD.

  • I read yesterday that 83% of RBS is owned by the British taxpayer yet their call centres are outsourced to India even though our unemployment figures are spiiralling.
    Just on a point of accuracy....Unemployment figures spiralled in late summer last year. Since February this year they have been falling slightly.

    from the Guardian (who were predicitng unemployment of over 3 million by now, during the last election debates)

    Unemployment declined by 45,000 in the three months to March, raising hopes that Britain's recession-hit economy is on the mend.

    The total number of jobless fell to 2.63 million, according to the Office for National Statistics, its lowest level since last summer. That brought the unemployment rate in the first quarter of 2012 down to 8.2%, from 8.4% in the last three months of 2011.


  • Oh, everything's rosey then eh Floyd. Phew.
  • A little bit rich (no pun intended) though Floyd, when Cameron & Osborne were amongst those in the Conservative Party who, whilst in opposition wanted less regulation for their friends in the City.
    Oh yes, I agree, but the fact is it was the Labour party who actually got us into this mess, and its the same individuals in opposition who have the staggering hypocrisy to criticise the methods of getting us out of it.
    It reflects badly on both main parties, but Oggy's question was 'what will Cameron and Osbourne say', and I was suggesting their possible obvious answer.

    @FloydMontana,

    Ffs stop blaming the Labour Party for all the ills currently affecting the WHOLE WORLD.

    Wasting your breath their mate, its like the poor chap has an immediate need to defend the honour of Cameron, Osbourne and, best of all, Johnson if anyone dares to besmirch their name.

    Labour have been out of office now for well over two years, at what point do you reckon Floyd and his Tory mates will start to take responsibility?
  • So predictable.
    I'll keep it simple.
    1. answering Oggy's question.
    2. Responding to Tel's point
    3. Correcting the statement that unemployment is spiralling.

    Do stop stifling debate with your childish attempts at slurs against me. Its tedious now.
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