Barclays...
Jun 28th 2012 | 11:10 am
#31
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Re: Barclays...
if we didnt have these parasites in our society the pension funds would be rolling in money instead of pleading poverty and changing the rules every couple of years.
wasnt it the Canadian Teachers Pension Fund that ditched their parasites and starting making a profit ??
Jun 28th 2012 | 11:15 am
#32
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Re: Barclays...
I have a pension income from a private company, after paying contributions for many years. I get a monthly pension and a yearly copy of the pension funds accounts.
I've never really bothered with the yearly accounts, pages upon pages of meaningless figures to an outsider.
But I did notice that the fund is heavily invested in the 'safe' British banks and governments bonds, which is what you would expect from the fund managers charged with keeping the money safe.
So when the biggest banks get into trouble, I worry. I remember the Daily Mirror debacle, when Maxwell, the bouncing Czech, raided the company's pension funds.
All of a sudden, the pensioners were no longer paid. It took years and severe government intervention for them to get some of their money back.
I might agree that those criminal bankers should hear the swish of the guillotine, but not if it means that I no longer get my pension.
I've never really bothered with the yearly accounts, pages upon pages of meaningless figures to an outsider.
But I did notice that the fund is heavily invested in the 'safe' British banks and governments bonds, which is what you would expect from the fund managers charged with keeping the money safe.
So when the biggest banks get into trouble, I worry. I remember the Daily Mirror debacle, when Maxwell, the bouncing Czech, raided the company's pension funds.
All of a sudden, the pensioners were no longer paid. It took years and severe government intervention for them to get some of their money back.
I might agree that those criminal bankers should hear the swish of the guillotine, but not if it means that I no longer get my pension.
so who let it ...............??
how many funds have gone bust, a guy I know has been hit twice by pension fund collapse.
the "watchdog" is a plastic toy, hasnt even got a squeek, letalone the guts to tear their limbs off and hit over the head with the soggy end.
Jun 28th 2012 | 4:49 pm
#33
Straw Man.
Joined: Aug 2006
Posts: 46,302
From: That, there, that's not my post count... nothing to see here, move along.
Re: Barclays...
Business news this morning talking about this being the "tip of the iceberg" and praising Barclays for being "savvy" and coming out early!
Look out, here we go again!
Oh and Domino, shut up!
Look out, here we go again!
Oh and Domino, shut up!
Jun 28th 2012 | 6:54 pm
#34
Lost in BE Cyberspace
Joined: Feb 2007
Posts: 10,759
From: Land of no recession
Re: Barclays...
Did Ian Fleming get it wrong??
Diamonds Are Forever
Diamonds Are Forever
Jun 28th 2012 | 7:13 pm
#35
Thread Starter
On the road again.
Joined: Aug 2008
Posts: 17,507
From: On Top of the World
Jun 28th 2012 | 7:23 pm
#36
Lost in BE Cyberspace
Joined: Feb 2007
Posts: 10,759
From: Land of no recession
Re: Barclays...
So far I have not received a reply.
They are probably trying to work out how much I owe them
Jun 28th 2012 | 11:19 pm
#37
Thread Starter
On the road again.
Joined: Aug 2008
Posts: 17,507
From: On Top of the World
Re: Barclays...
Just heard an interview with Mervyn King who really tore strips of the banking system in general, from the various scams, crazy bonuses right through to shoddy customer service.
They seem content to have cut branch staff to an absolute minimum making it difficult for both customers and branch staff alike whilst creaming more funds for their big fat bonuses.
The most recent thing I've noticed with mine is I can no longer phone direct to one of my local staff but now have to go through some expensive rip off centralised call system first.
Greed in the extreme without caring a single toss about the inconvenience to those who pay their big fat salaries.
They seem content to have cut branch staff to an absolute minimum making it difficult for both customers and branch staff alike whilst creaming more funds for their big fat bonuses.
The most recent thing I've noticed with mine is I can no longer phone direct to one of my local staff but now have to go through some expensive rip off centralised call system first.
Greed in the extreme without caring a single toss about the inconvenience to those who pay their big fat salaries.
Jun 28th 2012 | 11:39 pm
#39
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Re: Barclays...
Just heard an interview with Mervyn King who really tore strips of the banking system in general, from the various scams, crazy bonuses right through to shoddy customer service.
They seem content to have cut branch staff to an absolute minimum making it difficult for both customers and branch staff alike whilst creaming more funds for their big fat bonuses.
The most recent thing I've noticed with mine is I can no longer phone direct to one of my local staff but now have to go through some expensive rip off centralised call system first.
Greed in the extreme without caring a single toss about the inconvenience to those who pay their big fat salaries.
They seem content to have cut branch staff to an absolute minimum making it difficult for both customers and branch staff alike whilst creaming more funds for their big fat bonuses.
The most recent thing I've noticed with mine is I can no longer phone direct to one of my local staff but now have to go through some expensive rip off centralised call system first.
Greed in the extreme without caring a single toss about the inconvenience to those who pay their big fat salaries.
When I asked LTSB about an international acct the girl on reception seemed to go glazy eyed and said I don't know about that and moved on to the next customer.
I did some work at LTSB several years ago and they had Regional Centres then, nice expensive premium rate phone numbers, and all they could do was take a message - which never seemed to get through to the branch.
the only good thing is they give you a standard UK number when calling from abroad - which I used to use all the time when in the UK.
can you remind me why granny used to keep all her money in a box under the bed
Jun 28th 2012 | 11:53 pm
#40
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Jun 29th 2012 | 6:10 am
#41
Lost in BE Cyberspace
Joined: Aug 2006
Posts: 5,426
From: Velez-Malaga
Re: Barclays...
And now the RBS Chief Executive has very nobly announced that he will not take his bonus this year after admitting that the error which caused such terrible inconvenience for their customers in recent days actually originated in Edinburgh and not in India as earlier reports had indicated - and RBS is also expected to announce shortly that they were guilty of similar offences to Barclays with regard to "manipulation" of LIBOR rates.
Never mind foregoing bonuses, why aren't these people being summarily dismissed for gross misconduct?
Never mind foregoing bonuses, why aren't these people being summarily dismissed for gross misconduct?
Jun 29th 2012 | 6:14 am
#42
Not Banned (yet)
Joined: Aug 2008
Posts: 6,404
From: East Sussex
Re: Barclays...
The state of the banking business is being linked to the English football team - extremely good in the 60s but in a steady decline since then.
Of course back in the 60s and early 70s our Banks 'was world-class...
Of course back in the 60s and early 70s our Banks 'was world-class...
Jun 29th 2012 | 6:47 am
#43
Lost in BE Cyberspace
Joined: May 2009
Posts: 5,753
From: Alicante province
Re: Barclays...
Just heard an interview with Mervyn King who really tore strips of the banking system in general, from the various scams, crazy bonuses right through to shoddy customer service.
They seem content to have cut branch staff to an absolute minimum making it difficult for both customers and branch staff alike whilst creaming more funds for their big fat bonuses.
The most recent thing I've noticed with mine is I can no longer phone direct to one of my local staff but now have to go through some expensive rip off centralised call system first.
Greed in the extreme without caring a single toss about the inconvenience to those who pay their big fat salaries.
They seem content to have cut branch staff to an absolute minimum making it difficult for both customers and branch staff alike whilst creaming more funds for their big fat bonuses.
The most recent thing I've noticed with mine is I can no longer phone direct to one of my local staff but now have to go through some expensive rip off centralised call system first.
Greed in the extreme without caring a single toss about the inconvenience to those who pay their big fat salaries.
Was he asleep for all those years? He can't blame successive chancellors of different colours - they trusted him to run the shop, Gordon Brown even allowed him to set the interest rates.
The biggest failure in the UK is not the individual banks or politicians, it's the Bank of England and their incompetent governor.
Cockneys have got it right, when they call someone 'governor' it's usually a derogatory term. Old age and grey hair does not automatically infer wisdom, Mervyn King is ample proof of that.
Jun 29th 2012 | 6:53 am
#44
Thread Starter
On the road again.
Joined: Aug 2008
Posts: 17,507
From: On Top of the World
Re: Barclays...
I keep thinking the revelations surely can't get any worse, WRONG AGAIN.
http://www.standard.co.uk/business/b...l-7899353.html
Small businesses, the very people the major banks claim to have been helping, sadly many of them gone to the wall due to this particular insurance scam used to boost the bonuses of the greedy fat cats.
http://www.standard.co.uk/business/b...l-7899353.html
Small businesses, the very people the major banks claim to have been helping, sadly many of them gone to the wall due to this particular insurance scam used to boost the bonuses of the greedy fat cats.
Jun 29th 2012 | 9:10 pm
#45
Lost in BE Cyberspace
Joined: May 2009
Posts: 5,753
From: Alicante province
Re: Barclays...
Illegally fixing the Libor rate is a criminal offence, just like phone hacking. And just like phone hacking it will take a while to bring some of the culprits to court.
Bob Diamond will be back on the safety of American soil long before then, but half-a-dozen of the lower staff will undoubtedly be before the crown courts somewhere.
Is there anyone left to trust, to put your faith in? I don't think there ever was.
Bob Diamond will be back on the safety of American soil long before then, but half-a-dozen of the lower staff will undoubtedly be before the crown courts somewhere.
Is there anyone left to trust, to put your faith in? I don't think there ever was.
