Nationalist Posted June 12, 2015 Share Posted June 12, 2015 I opened my first account at Midland account back in the day because I went into town looking to open a NatWest account but found the Midland branch first. (No ID required, you were assumed to be telling the truth back then.) Since then they, mainly HSBC, have provided me with free banking services for decades and I've never paid a penny to them. If they ever f*** up I complain bitterly to the 'Indian' mention the banking ombudsman and get called back by an English person in the UK. Their current fixation is writing me letters claiming I have applied for online statements, which I haven't, and demanding to know my email address. I bin these letters at the rate of one a month. However, provided they disgorge the Midland I'm happy for them to p*** off. Much smaller banks are a better, safer option. I seem to recall that moving their HQ to the UK was a condition of buying the Midland so they are not taking it with them. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 12, 2015 Share Posted June 12, 2015 Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted August 3, 2015 Share Posted August 3, 2015 (edited) Profits for the first six months came in at 8.7 billion, in spite of all the regulatory fines and compo. Better than expected. Banks still viewed with caution by investors though, market cap is only 113 billion. http://www.bbc.co.uk/news/business-33754901 Edited August 3, 2015 by crashmonitor Quote Link to comment Share on other sites More sharing options...
rollover Posted October 21, 2015 Share Posted October 21, 2015 Credit Suisse boss delivers blow to costly LondonCredit Suisse is looking at moving nearly 2,000 jobs out of London because of its high costs, the bank's new boss said on Wednesday, raising questions about the city's status as Europe's dominant financial centre. We have 6,600 jobs (in London), 2,400 front office, 4,200 back office. the Swiss-based bank could save 230 million Swiss francs (156 million pounds) a year if some back-office positions were moved to lower cost centres such as in Poland and India. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted October 21, 2015 Share Posted October 21, 2015 It is quite brutal. Not even talking about moving to other cheaper UK location. I think his background is providing max shareholder value! Quote Link to comment Share on other sites More sharing options...
reddog Posted October 21, 2015 Share Posted October 21, 2015 (edited) It is quite brutal. Not even talking about moving to other cheaper UK location. I think his background is providing max shareholder value! sure, but UK isn't Credit Suisse's home market, so they don't even try to sweeten the pill.2 interesting things: -The amount of staff they actually have in the UK, surely much of this work is duplicated in other locations -London (and not other expensive locations like NY, Singapore, Hong Kong) seem to be bearing the brunt. Credit Suisse seem to know where their future lies Edited October 21, 2015 by reddog Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 2, 2015 Share Posted November 2, 2015 (edited) Seems to be working. 6 billion profit for Q3. Ah well for those of us invested in UK Equity at least it cancels out Royal Dutch Shell's 6 billion loss as they wrote off their barmy indulgent Artic Exploration. I hope whichever bright spark signed up for that one and drilled just one exploratory well was duly reprimanded. Talk about an expensive error of judgement. http://www.ibtimes.com/hsbc-q3-results-beat-expectations-pre-tax-profit-32-year-2164432 Edited November 2, 2015 by crashmonitor Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted January 21, 2016 Share Posted January 21, 2016 It's official. http://www.cityam.com/232571/credit-suisse-to-cut-london-costs-by-627m-with-thousands-of-job-cuts Not 1000 as previously announced last October. 1800+ I guess things are crumbling even quicker than the bankers imagined. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 21, 2016 Share Posted January 21, 2016 (edited) We have 6,600 jobs (in London), 2,400 front office, 4,200 back office. the Swiss-based bank could save 230 million Swiss francs (156 million pounds) a year if some back-office positions were moved to lower cost centres such as in Monaco, Poland and India. Actually if they moved most anywhere else in the world Edited January 21, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 21, 2016 Share Posted January 21, 2016 It's all going a bit strippers thong this week. Quote Link to comment Share on other sites More sharing options...
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