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Half year bank profits


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Well its that time of season again where the banks announce their profits.

 

So far HSBC has announced a £6.7billion half year profit, up 18% on expected profit. Not a bad result if you are a share holder.

 

What I will say though is that I do not support any kind of windfall tax of companies who are doing what any business would do, making a profit (and yes, I know some of that profit is from bank charges).

 

If windfall taxes were levied all that would do is force companies overseas and as we all know that isnt actually a good thing.

 

Regards

 

Mailman

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We're going to have to try so much harder to make a dent in these figures! :(

Jeep (The Wife & I)

Halifax joint a/c (£3800 charges + £40 interest on charges over 11 years) - paid in full 23/06/06

Halifax joint a/c new charges £1100 - LBA sent 02/08/06

Halifax 2nd a/c (£1500 charges + £150 interest on charges) - partial payment received 13/07/06 (no s69 interest) - AQ filed 07/08/06 - Court awarded 50% of s69 interest (Bank didn't turn up!)

Halifax Visa (#1) Data Protection Act sent - statements arrived - £350 so far

Halifax Visa (#2) Data Protection Act sent - refunded £170

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Indeed especially when figures range from between £1billion and £4billion for how much money banks make from unlawful charges!

 

Regards

 

Mailman

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Would be nice to see how much of that is made from charges we pay out even though they say most of it comes from oversea Investments but a would bet a few hundred million comes from UNLAWFUL charges:(

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Let battle commence!!!!!:mad:

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