Wednesday, Oct 25, 2006

Noose tightening!

BBC: Banks 'may raise overdraft fees'

Bank customers have been warned by financial information firm Moneyfacts that they may soon face stricter charges on unauthorised overdrafts.
Lloyds TSB has announced that from 1 November it will no longer give customers a 50 "buffer" if they accidentally slip into the red.

Posted by tyrellcorporation @ 03:50 PM (2880 views)
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1. tyrellcorporation said...

Coupled with an IR rise, winter fuel bills, Christmas expenses, council taxes potentially un-capped (the Conservatives put caps on CT rises but Labour are contemplating removing these caps). My pips are squeeking and I don't spend a penny on 'lifestyle' purchases.

The Mewer across from me seems fairly oblivious though, he's just bought a Charles Eames lounger and has had a company lower a cinema into his front room! Prick!

Could this be the Winter when it all finally becomes too much for normal humans...

Wednesday, October 25, 2006 04:00PM Report Comment

2. sovietuk said...

Banks predictably tightening up and sharpening the knives ahead of the slaughter

Wednesday, October 25, 2006 04:35PM Report Comment

3. harold said...

Banks may raise overdraft fees. Profits not big enough? These are not charges for a service, but fines.

Wednesday, October 25, 2006 04:37PM Report Comment

4. indiablue19 said...

Oh Tyrell and Harold... You're preaching to the choir! If you notice I've been trying all afternoon to get across to Monty that, although we don't live in shacks made of rubbish, our lives are turning to rubbish as a result of flagrant abuse of the average citizen by the super rich.

Wednesday, October 25, 2006 06:11PM Report Comment

5. Such_short_memories said...

Not happy with what they're earning at the moment, so they turn the screw a bit harder. When the big banks all move in unison like this, it certainly makes one wonder whether the market is at all working.
When I was studying economics, I learned that if big profits were to be made in an industry, firms would enter until the demand and supply function ensured that profits arrive at some macroeconomic equilibrium for what all firsm would consider an acceptable level of profit. This 'Can Can' the banks perform suggests that, in reality, market forces aren't wokring as the theoretically should.

Wednesday, October 25, 2006 08:51PM Report Comment

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