Yes polly thats all well and good but councils are advised by HMG to invest in places like Iceland to get the best return on their money, your damned if you do and damned if you don't
Banks!
- Thread starter jambutty
- Start date
That Riley has a lot to answer for BeniBanks decided to become Building Societies and Building Societies decided to become banks.
That was fine for me because I was in some of both.
But greed took over,Salesmen got their commission and then left us all in the mire.
Of course me being the font of all knowledge had long departed and am now even as you read this living the life of Riley.
So how do you define a British bank?
I had a feeling you would say that - but have you considered what these 'British banks' do with the money invested in them?
Also, what happens when a British bank is taken over by an international bank? (HSBC for instance) should all the account holders have closed their accounts and transferred elsewhere?
I had a feeling you would say that - but have you considered what these 'British banks' do with the money invested in them?
Also, what happens when a British bank is taken over by an international bank? (HSBC for instance) should all the account holders have closed their accounts and transferred elsewhere?
Yes, HSBC account holders should have moved banks. Without doubt and I am one who through complacency and lack of time hasnt. I now cant talk to anyone in my own language and have an account manager who tells me that the people at the end of the phone in Malaysia have more authority than he has!
As soon as all this business sorts itself out I am moving accounts
A British bank has to be defined as one who has most of its employees based in the UK. It is time we all started asking a lot more questions about our banks.
But banking is internationally interactive these days. 
But banking is internationally interactive these days.
It might be but you want to be able to understand the person on the phone telling you how much you owe them
But banking is internationally interactive these days.
And.............It's gone Tits up.............
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DD's ar dead easy to sort. You tell the bank to refund them under the DD guarantee and they must do so that day.
Then its up to the originator to request them again.
bTW, its not likely to be the bank at fault here as DDs are pulled by the company asking for money not the bank making a 'set' payment.
Please make sure you blame the right people
Didnt know this Entwisi, thanks, but I must tell you that two of them were within the same bank! And were staff wages, not companies!
As expected, a very conservative view, but neither party have not regulated many, many things which should have been regulated better, especially within thier own parties.
If banking is 'international' why are my bank charges still at British rates and not Indian? I would happily put up with not being able to communicate with the bank if they charged me one rupee.
This is the trouble with this country we except what we get instead of demanding what we want. Our politicians have this attitude and it means we as a country never get what we need which in this case is our own banking system back, we need to be in charge not America, we are in this mess because of them
This is the trouble with this country we except what we get instead of demanding what we want. Our politicians have this attitude and it means we as a country never get what we need which in this case is our own banking system back, we need to be in charge not America, we are in this mess because of them
Didnt know this Entwisi, thanks, but I must tell you that two of them were within the same bank! And were staff wages, not companies!
Are you sure they were direct debits? Sounds more like standing order or more likely BACS payments if it was wages.
The local branch of a very British bank where I do the majority of my banking has members of staff with foreign accents which some people find hard to understand. So just saying bank with a British bank doesn't mean you will get a local accent even over the counter.
And.............It's gone Tits up.............
Indeed it has but that couldn't be avoided by individual account holders at grass roots level. That's the point I'm trying to make. Put your money in a bank which has it's HQ in this country but how do you know which foreign countries they invest in?
Gone are the days when we had 'Blackburn Trustee Savings Bank' and its head office was on Lord Street West in Blackburn. You knew where you were in them days.
And whilst the international interaction was getting people a good rate on their savings and affordable mortgages was anybody complaining? Were people demanding higher interest on their loans and lower interest on their savings? Of course not. America isn't 'in charge'. Economics is a complicated subject.
Well Gordon Brown and the French president whose name escapes me, both seemed agreed on Tv this morning that the whole problem originates in America of course it maybe that someone on Accy Web knows better.
It seems to me that the only semi safe and ethical place to keep money nowadays is in a credit union (Does Accy have one?) Apparently they are only allowed to take investments from local people and of course they lend at lower rates to local people. It seems to me that this is the 'back to the roots' approach the ordinary person needs just now
It seems to me that the only semi safe and ethical place to keep money nowadays is in a credit union (Does Accy have one?) Apparently they are only allowed to take investments from local people and of course they lend at lower rates to local people. It seems to me that this is the 'back to the roots' approach the ordinary person needs just now
It has long been said polly, that when America sneezes the World catches a cold, like it or lump it the yanks contol most things world wide when it comes to global finances, its not just Britain that is affected
Yes of course the problem originated in America but that isn't the same as saying America is in charge.
That's like saying you caught a cold off your next door neighbour so she must be in charge of the germs.
Well in someway the US are in charge of their own germs and I don't think we should help them to offset their responsibility. It has always been part of the American Dream to make lots of money and not worry about the consequences 9on others.l sdont think we should help them, we have gone to far down their road already, now we need to re set ourselves on our own road whilst looking at who are actions affect - after all it might just be ourselves!
True indeed. And even in Canada, where the banks operate under a very stiff bank act and are conservative in their lending, we are suffering a little from the fallout. But there are some good points; gas is now selling at 95 cents a litre
... you guys think of that next time you fill up
True indeed. And even in Canada, where the banks operate under a very stiff bank act and are conservative in their lending, we are suffering a little from the fallout. But there are some good points; gas is now selling at 95 cents a litre
thats good , works out at about $ 3 .00 US per US gallon (3.78 liters),
payed equiv. to C$ 1,07 per liter today in Ca. ($3,52 US gallon)
I guess good things happen when you re-elect the Steve Harper guy and his Tory cronies
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