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Go Back   The Consumer Forums > The Consumer Forums
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> Campaign > OFT Test Case Updates and Discussion

OFT Test Case Updates and Discussion This is the place to post any updates on the OFT v Banks Test Case, or to discuss issues relating to this case.


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Old 21st April 2008, 18:03   #221 (permalink)
vortex
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Default Re: Oft Test Case News!

There will immediately be appeals against any judgement given so do not expect this to be the end of the battle, it is merely the beginning of it.
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Old 21st April 2008, 18:06   #222 (permalink)
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Default Re: Oft Test Case News!

I would have thought the judge or FSA would find it difficult to keep the waiver in place if the judgement went against the banks though
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Old 21st April 2008, 18:08   #223 (permalink)
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Default Re: Oft Test Case News!

They wouldn't on the basis of an appeal by either side.
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Old 21st April 2008, 18:10   #224 (permalink)
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Default Re: Oft Test Case News!

Quote:
Originally Posted by vortex View Post
They wouldn't on the basis of an appeal by either side.
Wouldn't what? keep it or drop it?
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Old 21st April 2008, 18:11   #225 (permalink)
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Default Re: Oft Test Case News!

Mind you the banks are in deep doo doo @ the moment, they need all the money they can get.

Surprised there isn't a run on RBS like Rock though
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Old 21st April 2008, 18:11   #226 (permalink)
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Default Re: Oft Test Case News!

They wouldn't have a problem conitnuing with the waiver or stays. On the basis that the appeals process has not been concluded.
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Old 21st April 2008, 18:13   #227 (permalink)
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Default Re: Oft Test Case News!

Star scream, RBS do not have liquidity problems at all and they are hardly likely to after making 10 billion pounds last year.
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Old 21st April 2008, 18:14   #228 (permalink)
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Default Re: Oft Test Case News!

why do they need billions from the shareholders?
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Old 21st April 2008, 18:22   #229 (permalink)
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Default Re: Oft Test Case News!

That bit is complicated so I will let the bbc explain it.
BBC NEWS | Business | RBS considers plan to raise cash
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Old 21st April 2008, 18:25   #230 (permalink)
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Thumbs up Re: Oft Test Case News!

oh great stuff hope we win, just been reading your download on interest.very good,but i need letter for managed loan which i have add all interest up now need letter to send to hsbc if any body could help please.
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Old 21st April 2008, 18:35   #231 (permalink)
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Default Re: Oft Test Case News!

ANDENA

Can you point us to the relevant one of your threads, please, so we can give better help. Thanks
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Old 21st April 2008, 18:38   #232 (permalink)
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Default Re: Oft Test Case News!

The rights issue is being seen as a necessary measure to provide a capital cushion for the amount of risk on its balance sheet

I see, they are OK for now, but there is a risk that they could be in trouble, so they need this as a cushion.

My money would be out in a flash.
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Old 21st April 2008, 18:50   #233 (permalink)
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Default Re: Oft Test Case News!

Hi all, please do not all jump on me if I have missed something but could this be the reason why the Government is giving the Banks money for so called helping out the Morgage crisis????....SELV...
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Old 21st April 2008, 18:52   #234 (permalink)
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Default Re: Oft Test Case News!

Quote:
Originally Posted by SELV View Post
Hi all, please do not all jump on me if I have missed something but could this be the reason why the Government is giving the Banks money for so called helping out the Morgage crisis????....SELV...
I'm afraid not no, they need that so that they can all apparently starting trusting each other enough to lend amongst themselves again
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Old 21st April 2008, 18:54   #235 (permalink)
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Default Re: Oft Test Case News!

Just like we trust them

How can they borrow with all the CCJ's they have?
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Old 21st April 2008, 19:09   #236 (permalink)
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Default Re: Bank charges decision on Thursday 24 April

True,

its a start though, eh?

Lets hope justice prevails here
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Old 21st April 2008, 19:12   #237 (permalink)
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Default Re: Bank charges decision on Thursday 24 April

Given that I incurred a charge last month, and the bank hasn't even bothered to add it to my statement, I am hopeful that they have lost, and lost badly.
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Old 21st April 2008, 19:20   #238 (permalink)
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Default Re: Oft Test Case News!

is this it?

dont ever get a hsbc loan
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Old 21st April 2008, 19:23   #239 (permalink)
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Default Re: Bank charges decision on Thursday 24 April

If thats the case, bank shares could be VERY interesting over the next few months!

I appreciate even if they had to pay back everybodys charges from the last 6 years it wouldnt really hit them, but the perception from shareholders in general would not reflect well