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Showing results for tags 'banks'.
I'm not sure what to make of this, Ratesetter were losing money before Covid hit, but Metro bank were losing even more, so...
Even the banks themselves are now getting hacked off with the antics of the central banksters and are starting to mull storing their own excess deposits as cash instead of with the central bank: https://mishtalk.com/2016/06/08/negative-interest-rate-mutiny-in-germany-japan/ Just as well the central banks are abolishing the large notes to make this trickier for all concerned. I can see this being used as a pretext to get rid of physical cash, can't have people 'hoarding' their personal wealth when they could be out spending it and boosting the economy, as well as borrowing some more to cover
What could possibly go wrong? http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11522483/Risky-mortgages-are-back-on-the-rise.html 'Give a man a fire, you warm him for a day. Set him on fire and you keep him warm for the rest of his life'.
http://www.bbc.co.uk/news/business-28361778 Good to see the right words but does this mean anything moe than tinkering at the edges to satify bloodlust for banks? They think bank charges would be better for competition to encourage people to move. Certainly would make comparision easier. I think the main problem with competition problem is barrier to entry, in that, for reasons I can't fully understand, small banks are not allowed.