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Posts Tagged ‘Lloyds Banking Group’

The six executives responsible for Co-op Bank’s troubles | Business | guardian.co.uk #savers


English: Walshaw, old Co-op At the junction of...

English: Walshaw, old Co-op At the junction of High and Bank Streets. According to the plaque, part of Bury District Co-operative Provision Society, 1891. Department names above the windows are butcher, news room, clogger and grocer. Part of the building is now occupied by engineers. (Photo credit: Wikipedia)

The six executives responsible for Co-op Bank’s troubles | Business | guardian.co.uk.

Another hit for savers as they are ‘bailed in’

No tax payer money will be used to rescue the bank, but if you are a tax paying pensioner, you lose out whatever happens?

Wonder if those responsible will be held to account financially?

Drop in business loans raises doubts over funding for lending scheme #surprised #commonsense


Drop in business loans raises doubts over funding for lending scheme | Business | The Guardian.

 

Here we go, another example of how much the authorities are out of touch with the real economy, the real world and real people in the UK.

 

Common sense, good bank, bad bank.

 

 

Loans

Loans (Photo credit: zingbot)

 

 

Another kick in the teeth for the ‘prudent’ UK taxpayer #banks #ppi #ponzi

November 4, 2012 Leave a comment

Royal Bank of Scotland InternationalJersey Fra...

Royal Bank of Scotland InternationalJersey Français : Jersey (Photo credit: Wikipedia)

So let me get this right. Tax payer owned banks, Lloyds and RBS have set aside further monies to cover the great PPI misselling scandal.

My understanding of PPI is that it was sold to the mainly meek and innocent, those without much financial nouse. So the chances are that if you are middle class England, with half a brain and some financial knowledge you probably aren’t exposed to PPI and as such have nothing to claim back.

You are the same person that is a stakeholder in both these banks, by default  and you are witnessing your prudence being rewarded by a Ponzi scheme run by the government, whereby your taxpayer funds are being returned to the weak, meek and innocent who bought PPI and probably don’t pay a lot of tax either.

So how does this make you feel?

Cheated by those who trumpeted the cause of prudence for years and years and then disappeared having feathered their pension pots.

Common sense, if you are middle class England, expect to be milked.

Lloyds expects lower income in 2012 – FT.com

February 24, 2012 Leave a comment

Lloyds expects lower income in 2012 – FT.com.

So here we have it. A state owned bank, predicting a gloomy economy ahead.

Interesting then that companies such as Easy Cash Loans http://www.easy-cash-loans.co.uk/

and QuickQuid http://www.quickquid.co.uk/

to name just a few, can charge APR’s of circa 1730%

Hang on, have I made a mistake, did that really say one thousand seven hundred percent?

Assuming there is some demand for these types of loans, which judging by the TV advertising, seems to be a fair assumption, why are our state owned banks not lending to smaller customers at reasonable rates. Furthermore, can you imagine the uproar if a bank tried to charge an APR of 1700%

Common sense, don’t leave home without it.