Bl***y Banks Again

http://www.telegraph.co.uk/finance/economics/11093587/Investors-pull-17bn-from-UK-as-banks-ratchet-up-Scottish-independence-pressure.html

B***dy Banks again......no moral fibre , interference in a Country's affairs , losing money for shareholders by this negative attitude .They are certainly not qualified to offer advice to the people of Scotland .

BARCLAYS HAS HAD FRAUDSTER OPENING THEIR BANK ACCOUNTS WITH THEM.

http://www.bbc.co.uk/news/business-28365639

Badboy, the reputation of British and American Banks is so tarnished I think Islamic Banking will grow and they have a great system for providing Mortgages. The borrower is charged rent on the Property and the Bank has the deeds. When the Mortgage is paid off by way of rent the Borrower receives the Deeds. This is a much better idea than the free for all Mortgages where rates change very often so that the borrower loses their home.

http://news.sky.com/story/1340322/barclays-hit-by-38m-fine-over-client-assets

Isn't it about time this Bank lost it's Licence????

http://news.sky.com/story/1342492/fca-closes-in-on-2bn-currency-rigging-deal

This is disgraceful that still no heads will roll from the Board of these Banks and shows just how weak the Government is by letting the Banks get away with it. Bank customers are surely getting short changed.

RBS ARE HAVING PROBLEMS WITH ATMS.

Badboy wrote:RBS ARE HAVING PROBLEMS WITH ATMS.

What, they are being robbed Badboy ??? Not far from where I live , a while ago some very clever con artists made a replica of the front of a cash point , took the existing one down and substituted the fake and used cards to get money out.

IT APPEARS THAT ITS THE SAME AS NATWEST HAS HAD IN THE PAST,PEOPLE UNABLE TO ACCESS ACCOUNTS/WITHDRAW CASH ETC ETC

Badboy wrote:IT APPEARS THAT ITS THE SAME AS NATWEST HAS HAD IN THE PAST,PEOPLE UNABLE TO ACCESS ACCOUNTS/WITHDRAW CASH ETC ETC

Yes Badboy, it was a NatWest Bank , it makes you wonder if there was inside help because how would the perpetrators know what to do.?

http://www.bbc.co.uk/news/business-29410742


Yet again.....no Director of any of these Banks has been charged.

PART OF THE BOE SYSYEM FAILED TO WORK CONCERNING MORTGAGE PAYMENTS.
PAYMENTS OF BUSINESSES TO SUPPLIERS WRE ALSO AFFECTED.
BOE IS TRYING TO UPGRADE SYSTEM.
LETS HOPE THE WHOLE SYSTEM DOESN'T GRIND TO A HALT ONE DAY.

LLOYDS ARE TO CLOSE 200 BRANCHES.
ALMOST POSTED 2000 ABOVE

Badboy wrote:LLOYDS ARE TO CLOSE 200 BRANCHES.
ALMOST POSTED 2000 ABOVE

Banks are still in trouble Badboy, but the Big Banks are more able to cope.

Lloyds Banking Group's 9,000 extra job cuts will bring the total to 52,000 since 2008
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Lloyds Banking Group has confirmed 9,000 job losses and the net closure of 150 branches over the next three years.

The latest job losses - representing about 10% of its workforce - come on top of 43,000 cuts made since 2008.

The bank said it would concentrate on urban branch closures first and has abandoned its pledge to keep open "the last branch in town".

The group is also setting aside another £900m to cover possible payouts for the PPI mis-selling scandal.

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That has cost Lloyds £11.3bn so far, including £2.5bn in administration costs.

Other fines have topped £200m.

Lloyds, which owns the Halifax and Bank of Scotland brands, reported pre-tax profits of £1.61bn for the nine months to 30 September.

"The group is performing strongly," said chief executive Antonio Horta-Osorio.

"We have met or exceeded the strategic objectives set out in 2011 and are ready to move on to the next stage in our development."

Branch closures
The bank says it will be closing 200 branches but opening 50 new ones, bringing the net closure figure to 150 - about 7% of its network of 2,250.

BBC Business Editor Kamal Ahmed has learned that Vince Cable, secretary of state for business, innovation and skills, intends to write to UK banks demanding that they re-commit to keeping "the last branch in town" open.

The present agreement brokered by the British Banking Association runs out at the end of the year.

Lloyds is willing to look at a new commitment to keep rural branches, Kamal has learned.

But in towns and cities the policy of no closures if the branch is more than a mile away from the next nearest "needs a rethink", according to banking sources.

Job losses
The Unite union has called on the bank to offer a "no compulsory redundancy guarantee".

Spokesman Rob MacGregor added: "The wallets of top executives at Lloyds should not be getting fat by forcing low paid workers onto the dole.

"If there are compulsory redundancies or customer service suffers then executive pay should be cut."

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Analysis: Kamal Ahmed, BBC Business Editor
Lloyds doesn't want to get out of branch banking. It wants a new type of branch, complete with iPads and facilitated internet discussion screens, enabling chats with staff who may not be physically in the same branch as the customer.

Seeing a customer face-to-face or via Skype makes "up-selling" easier - that is, encouraging someone to take on an insurance product or open a savings account. For that, branches are important.

It also saves on head count, with Lloyds looking at opening some more remote branches for shorter hours so that staff can support a wider network.

Banks, of course, are still victim to changes on the high street.

One banking chief executive has been heard to say that his busiest branch is the 07:20 commuter service into Waterloo - people on the train are doing their banking on their mobile phone.

More from Kamal.

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Mobile banking
The closures and job cuts are due to customers switching towards mobile banking, the bank says.

As a result, Lloyds will be investing £1bn in digital technology over the next three years.

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Do you bank online or prefer going into the branch?
According to the banking trade body the BBA, digital banking transactions are now worth almost £1bn a day, with almost 40 million mobile and internet banking transactions every week.

The bank remains confident that it will be able to pay a dividend to shareholders in 2014, but it needs the permission of the Prudential Regulation Authority (PRA) before it can do so.

Finance director George Culmer said talks with the PRA were "in a good position".

Spin-off
Earlier this year, Lloyds spun off the TSB bank as a separate floated business to appease European Union competition authorities.

It has gradually been reducing its stake in TSB and now owns just 50%, Lloyds said.

The government still holds a 25% stake in the bank, but has reduced its holding from about 39% through two separate share sales since September last year.

In early trading, shares in Lloyds Banking Group were down 1.5% on the news.

On Monday, its shares fell 1.8% after the European Banking Authority's results revealed that the bank only narrowly passed its "stress test"


As usual it is the workers and public, plus Investors, who suffer because of the dishonesty of the Board of Banks. Not one Director from any Branch has been charged.

LLOYDS IS PLANNING TO CUT STAFF TO 40,000,METHINKS

Badboy wrote:LLOYDS IS PLANNING TO CUT STAFF TO 40,000,METHINKS

All this upheaval in the Banking Sector Badboy can be attributed to the Internet , there is even talk of "virtual Banking" Barclays is going to Trial 6 Banks which do not have any staff , just screens .

http://www.bbc.co.uk/news/business-29829112

Still not one Executive arrested or Licence taken away yet the Banks dishonesty has resulted in poorer service to their customers and a downsizing in Labour, the Government should be threatening to take away licences.

http://www.bbc.co.uk/news/business-29839343

RBS is doing quite well but has to set aside yet more money ....who gets this money, does anyone know???

HERE'S A GOOD QUESTION,ALL THIS FINES AND COMPENSATION WORTH MILLIONS AND BILLION;WHAT IS ZE GRAND TOTALS?

Badboy wrote:HERE'S A GOOD QUESTION,ALL THIS FINES AND COMPENSATION WORTH MILLIONS AND BILLION;WHAT IS ZE GRAND TOTALS?

I would say about £3 billion all told....where it goes is just as important , I hope the NHS and a new Cancer Research programme to stop the increase in cases. The existing diagnosis and treatment is just not good enough .