Monday, Feb 01, 2010
Banks trying to keep their profits up?
Telegraph: Bank loan rates hit 9-year high
Bank personal loan rates have climbed to a nine-year high due to a rise in borrowers failing to meet their repayments.
Posted by markj69 str05 @ 10:16 PM (447 views) Add Comment
2 Comments
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1. markj69 str05 said...
Some might say they think they have a license to print money! And judging from the comments in a recent gathering, I'm inclined to think the bankers would themselves agree!
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/01/the_private_thoughts_of_banker.html
Extract: 'banks are a regulated oligopoly and are not subject to "proper" competition: they are therefore able to pass on the costs of their people to customers.
'
2. symo said...
Ho, ho, ho.
Here comes the end of cheap credit folks, all that unemployment finally starting to hit back.