......are they going to do that? BBC News - Bank of England tells banks to raise £25bn Use the Cyprus model, maybe? AL
I'm pretty sure it's only the government who can raid your savings like the Cyprus government want to. I wouldn't put it past our banks to raise charges though, everything from being over drawn, sending letters out, overdrafts etc. will probably all go up.
Sack a load of useless penpushers who do jack all day ... And get paid stupid sums of money for it ? How about if they cock up no bonus .. Or why not print it ( joking ).
i bet the bastid rich will get the nod like this..... Have The Russians Already Quietly Withdrawn All Their Cash From Cyprus? | Zero Hedge
My Dad is out in Cyprus at the mo as his partner is a Cypriat ( Greek) . She says the Russians are a mare out there. Really taking over .. Apparently the biggest thing is to open fur coat shops ... Yes in Cyprus ??? Luckily they don't have money tied up out there. But they have property. She moved her money out a year ago. Phew.
Which will be why my wife and her colleagues, who are contact centre staff, had 1% raise last year, nothing the previous 3 and nothing this year. Yep that will sort it
Same for us ... Oh sorry I get 1% .. ( spose I have a job so shouldn't moan ). I don't think we mean the people like your wife. We mean the big guns at the top who get thousands and millions of bonuses for probably doing less work then your wife does in real terms IYSWIM..
You are kidding, right? The 2008 bailout of the UK banking system was £500 Billion. £25 Billion additional capital cover is peanuts in the scale of things.
More money was spent by the UK Govt on bailing out the banks than HAS EVER been spent (ie: in total, since the dawn of time) on funding scientific research in the UK. Puts it in perspective eh??
True. Then again, a large slice of the bailout money has already been paid back with more to come soon. In the end the taxpayer may even make an overall profit on the bailout.
Er... der? How does insisting that banks have enough capital to cover their risky loans and probable fines (from all their malpractice) financed by private shareholder and bondholder investment, in order to ensure that they don't melt down again represent "another nail in the coffin of growth and recovery"? How can you add 2+2 and end up with 598.4 and then blame it on the coalition? So what's a better plan: let them get on with it and stand back and wait for them to blow up taking everyone's savings with them? Christ. You finally get some proactivity and even then people whinge and moan.
The Exchequer may make an overall profit in the long run, but over that period Banks are loaning us money at 5% when that money costs them a mere 0.5%. The 'taxpayer' is being royally shafted ...
This will drive banks to lend even less and mean fewer start ups, fewer overdrafts and more busnesses to the wall. It will mean less favourable credit card rates, less favourable mortgage condisopns and a further stalling in spending which the govt and the world insist is the way out of recession and into growth The regulatory view on clams for PPP etc is nothing short of socking bully boy tactics. Banks seems to have been told to pay all out, regardless of blame, and regadless of if anything can be proved. Seems everyone who bought it did so under duress and thumb screws
