Panorama tonight-make sure you dont miss.

[MARTIN3030]

BBC - Panorama - Panorama

[Dodgy Geezer]

TESCOS BANK.

 

OMG.

 

NOOOOOOOOOOO.

 

In case you missed it.

 

BBC iPlayer - Home

[MARTIN3030]

Was actually humerous in parts.

The banks as always on the defensive but it doesn't seem to cut any ice with Vince who used the words "rip off" twice.....

A very noticable silence from Angela and the BBA.

 

We have seen the competition arguements raised before with nothing coming from it.

 

Maybe Metro Bank is set to have a go-they will be open 6 days a week 8-8 monday to Sat and 11-4 Sunday.

They are saying customer phone calls will be answered 24/7 by a live op within the third ring !!!

 

The concept is being introduced by an American with lots of money AND experience.They pledge to break every daft rule seen with current banks.

 

Just lets not forget .....the Yanks have not exactly got a good record for getting things right in banking-so just was thinking if this is such a sure fire winner-then why did no one think of it here ???????????????

[pompeyfaith]

Just lets not forget .....the Yanks have not exactly got a good record for getting thinks right in banking-so just was thinking if this is such a sure fire winner-then why did no one think of it here ???????????????

 

First thing that came to mind was MBNA say no more lol

[MARTIN3030]

Ahem Goldman Sachs...Lehman...Citi......

 

 

Of Course we can always rely on others capitalising when theres a fast buck to be made- cant we Barclays ?

 

 

http://www.dailymail.co.uk/money/article-1163043/Barclays-hit-multi-million-investor-lawsuit.html

 

 

http://www.bloomberg.com/news/2010-04-21/barclays-sued-for-266-000-search-fee-for-hiring-merrill-s-timothy-last.html

Edited July 19, 2010 by MARTIN3030

[Dodgy Geezer]

CAG Bank. Make a profit. Two birds, one stone.

 

SIMPLES.

[tosh1]

just seen it. go metro bank

[MARTIN3030]

Loved the dog biscuits too.....guess their cleaners will have "A little Xtra" to do then:lol:

[kiptower]

that would be nice both my doggies like those bikkies

[pompeyfaith]

must admit metro does have a point about opening times but there proof will be in the small print will be good to see there core banking principles not sure if they are online yet

[MARTIN3030]

Not forgetting the lollypops....now theres a very clever bit of marketing.

So when mum says to dad...watch the kids for half an hour love I am just nipping the bank...the kids scramble for their coats and say....wait mum we are coming with you:rolleyes:

 

Its not exactly a new ploy tho....Julian Richer was doing this in the 70s

[kiptower]

blimey my old mate Julian , a very clever man look what he has now

[MARTIN3030]

And Julian gave out free umbrellas too.....

[MARTIN3030]

Actually theres a connection there....the Gov gave an umbrella to the banks -but it was nothing to do with the good old English rain:rolleyes:

[determindator]

So good to see Mr Vince Cable Government Minister use the phrase 'Rip Off.' This is the break through needed to forward the cause to refund unfair bank charges, one of our original reasons we are here on CAG. Banking in the past hasn't, really done moral ethics much so this could be the start of a new world, the beginning of a social approach to banking as the other way didn't work now, did it.

[rebel11]

Reminds of Circle K Conveinence Stores opening their first branch in the UK in Harlesden, London, the Philosophy was if they could make it in Harlseden they could make it anywhere. Circle K were huge in the States.

[Surfer01]

So robbers can now enter banks over the weekend?

[JonCris]

Was actually humerous in parts.

The banks as always on the defensive but it doesn't seem to cut any ice with Vince who used the words "rip off" twice.....

A very noticable silence from Angela and the BBA.

 

We have seen the competition arguements raised before with nothing coming from it.

 

Maybe Metro Bank is set to have a go-they will be open 6 days a week 8-8 monday to Sat and 11-4 Sunday.

They are saying customer phone calls will be answered 24/7 by a live op within the third ring !!!

 

The concept is being introduced by an American with lots of money AND experience.They pledge to break every daft rule seen with current banks.

 

Just lets not forget .....the Yanks have not exactly got a good record for getting things right in banking-so just was thinking if this is such a sure fire winner-then why did no one think of it here ???????????????

 

Because none of the British banks want to challenge the status quo

[hilaryfrances]

well I thought programme was a bit tame, I think a lot more could have been said and demonstrated. Filling in time getting people to play with an old fairground toy on a beach was pointless. Yes lots of peeps are angry with their banks but dont waste valuable tv time on nonsence!

 

I am going to look into Metro Bank but I am sure they will be focused on making money as well otherwise they would be a charity. It will not be long before health and safety issues arise about dogs being allowed in banks, yes I have a dog, and children being given free lollypops. I dont think this is a good idea either.

 

Bah humbug moan moan, I willl get off my soap box now!

[babybear39]

ALL bankers are w'kers!

[Elmo South]

No bank is going to be any different to the others - yea they may star off that way but its all smoke & mirrors.

Think about it - these are multi BILLION pound businesses, you can't just start up on your own & run a local bank.

 

You need:

Money (large amounts of it); and

Someone to run the bank.

 

Money will need to come from investors (as the Government doesn't have any) investors will want good returns otherwise they won't invest and experienced directors so they know you won't screw up (too much!!) So you need to make good profits by ripping off the customers - and you get.....

 

.... Someone to run it: That would be someone who knows how to run a bank because they ....... used to run another bank.

 

So you get investors who used to invest in other banks funding directors who ran other banks - all that has changed is the name over the door.

 

The only way to really change this would be to have a Government owned bank accessible to all, with a large numebr of places you could access your money - say, like being able to do it at the Post Office and through the bank clearing or Giro system (anyone see where this is going?????????).

 

It could perhaps be called the "National Giro Bank"!!!!!!!!!!!

 

Or we could have a bank for people who want to save, looked after by Government trustees - called perhaps the "Trustee Savings Bank"!!!!

 

they would have no shareholders, no reason to make excessive profits and could provide a sensible service to all, including simple accounts for those who don't need/want anything more than the basics.

 

For those younger member who don't know what I'm rattling on about, we had both these institutions untill the were sold off by The Governement & were subsequently taken over by Alliance & Leicester and Lloyds BAnk Group respectively.

 

What price re-nationalisation!!!!!!!!!!!!

[MARTIN3030]

What price re-nationalisation!!!!!!!!!! !!

 

 

Ask Sid:rolleyes: