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Independent Banking Advisory Service |
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Banking News & UK Comment 2010
http://www.channel4.com/programmes/dispatches/episode-guide/series-63/episode-1 How the Banks Won - Will Hutton with a Channel 4 documentary under Dispatches - 'He also investigates the banks' intense lobbying to resist government plans for reform and highlights recent research from the OECD on how Britain is internationally unusual in the extent to which bankers have key roles in the civil service and government.' This will show those who think we live in a fair society just how one sided it all has been and also why we need to make sure that banks and bankers never ever have the opportunity to control this country, or it's future ever again. - 15/06/10 Last November we asked - Can bank customers trust bankers, banking and the banking industry now? Is this the start of a new era? see Banking News and UK Comment 2009 at 04/11/2009. Well has it changed or are there signs of change? Unfortunately, evidence of banks exerting pressure on their business customers unfairly by taking additional higher interest rates and fees and by using unfair pressure in order to increase the bank's profits is still happening. Banks are now claiming profits for the last quarter - as we always knew they would. There is no science in this and it is not a new tactic - but somewhat refined from the last recession. The banks are aware that additional fees and interest may well tip businesses into insolvency. But, banks have always adopted a 'me first' priority and take security for their benefit after a business fails. Whilst Government may change - banks unfortunately do not and the FSA and OFT has a lot to do to make the necesary changes here - a start has been made - but there is a long way to go for bank regulators in the UK - 10/05/2010
Independent Banking Advisory Service (IBAS) is a national, independent, non-profit, unique specialist banking customer membership organization which resolves banking complaints and disputes and which has campaigned on UK Banking customer issues since 1992. We provide bank and banking assessment, analysis, bank comment and content for BBC TV News, ITV, Radio and national newspapers, keeping many serious banking issues 'alive'. |