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  1. The waiver conditions state banks should not ''Make matterialy adverse changes in the level of it's unauthorised overdraft charges (or in the way it applies such charges to it's customers' account which could amount to customer abuse'' But the FSA said after the review: ''Have they moved the charges definitively against the interests of their customers? We have not seen any evidence of that." ''The possibility that a few people might have been disadvantaged did not mean the waiver should be cancelled''
  2. Charges probe will hit profits, says HSBC By Peter Thal Larsen and Kate Burgess Published: November 23 2007 20:36 | FT.com The chairman of HSBC, Stephen Green, on Friday warned of a profits squeeze in the UK banking industry as a result of regulatory scrutiny of bank charges and the growing power of consumers. Mr Green said a legal challenge to banks’ overdraft charges, due to be heard next year, could “change the economics of retail banking” in the UK, while growing use of the internet had made it easier for consumers to shop around. “The net outcome of that is not that retail banking is going to become a low profitability business,” he told analysts Friday. “But it is going to be less profitable than it is and is going to be growth constrained.” The warning from HSBC, which controls the UK’s fifth-largest retail banking network, highlights the continuing pressure on the industry following a sharp increase in bad debt charges last year. However, Mr Green was confident HSBC could buck the trend by concentrating on younger and wealthier customers and by offering them wealth management and insurance products. On Friday HSBC ruled out large acquisitions in the US, western Europe or in investment banking as it set a target for raising the share of profits from emerging markets to 60 per cent from 51 per cent in the first half of the year. The pledge underlines the change of direction at the bank since Mr Green’s predecessor, Sir John Bond, stepped down in May 2006. Executives insisted they had no plans to withdraw from the US, where the bank has been hit by significant losses in the subprime mortgage meltdown. But Mr Green hinted at possible disposals. “If there are areas of business where our capital is not earning a return and there is nothing we can do to restructure the business . . . then we will follow through on that.”
  3. ''Senior HSBC executives should be denied millions of pounds in bonuses next March because the bank’s incentive scheme was misrepresented to shareholders and was therefore void, according to a hard-hitting legal opinion'' Investor claims HSBC misled shareholders over bonus plan - Times Online
  4. Here's the video YouTube - Bank Charges Anthem by Oystar ft. the Money Saving Expert
  5. Hey if you play your cards right maybe the mods could make it a sticky
  6. ''my words i lay down the gauntlet which to any one would mean end of conversation'' It means nothing of the sort. It means ''an offer to challenge'' ''Obviously as you say many people are reading this thread,so would they still have the confidence of joining another group when it has been quite clearly stated by you that PM's would be made public if not answered'' But it was my pm! It might have been sent to you but the words belong to me.
  7. I'm sorry. I was under the misunderstanding that the whole point of usernames was to retain a degree of anonymity. And no I stand by everything I write.
  8. Yes I know! I've already acknowledged that many times now! Geeez
  9. ''you state that asking for your user name is not a reasonable'' Yes and I think most people would agree ''yet you ask me to name a site as i referred to as OTR'' Which I think was not unreasonable. You started a thread critical of a site but without clearly naming it you stifled any possibility of a reasonable chance to answer or even discuss it. ''because i haven't you made public a Private Message wow talk about pot kettle black'' I could have easily have posted the contents of the pm rather than pm it first. And I think you're using your pm beef to cloud the inadequacies of your arguments. If you have a problem with it then file a complaint.
  10. ''Please give me the definite name of the other site you are connected to and not just the initials'' I have. Read post #13 ''do you on the other site that you are connected with ,send out a Private Message and then if you get no answer post it for public view.'' Yes ''Please tell me what's your user name on the other site and your position'' I don't think that is a reasonable question ''once again give me the name of the site and i will tell you yes or no.'' For fear of repeating myself - we've covered this. I've given you the name and you gave me an answer
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