The singularly most stupid bank bail out plan yet.

Plans for what must be described as the most stupid and unworkable idea for appealing to the public following the bail out of the banks are being touted. And these plans really are amazingly stupid! The plans call for every adult in the country who is registered on the Electoral Roll to be given shares [...]

FSA Fines RBS and NatWest

The RBS and NatWest have been fined £2.8m pounds by the FSA, for failing to correctly deal with their customers’ complaints. The FSA reviewed a sample of just 120 complaints made against the banks, which are part of the 84% state owned Royal Bank of Scotland. Both banks use the same complaint handling systems and, [...]

Britain Would Rather Use The Matress Than A Bank

4% of people surveyed in a poll by the Financial Services Compensation Scheme (FSCS) have admitted to stashing at least £1,000 in hiding holes at home, rather than banking the money! The FSCS was conducting a poll as it tries to raise awareness of the security of keeping money in the bank, now that each [...]

Post Office savings now covered by the UK FSCS

Savings accounts and bonds in the Post Office are, as of today, covered by the UK’s Financial Services Compensation Scheme. Previously these deposits had been covered by the Irish version of the scheme, as the money is saved within the Bank of Ireland. But a change that takes place today moves the deposits to a [...]

Government to hit the banks where it hurts for getting us into this fine mess

Chancellor George Osborne has promised to hit the banks as hard as he can without causing a mass exodus from the UK. As part of the crippling cutbacks that are being imposed to try to reign in the biggest budget deficit in peacetime, Mr Osborne is to impose a £2.5bn annual levy on the banks. [...]



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