Sunday Times 'Greedy Banks'

[Michael Browne]

Good article in todays ST, although misses the point about people actually claiming all their money back. Nevertheless useful point from Credit Suisse reads

 

"The banks boast that they offer everything free if customers stay in credit, but they penalise customers who make the slightest slip.

These penalty fees generate big profits for the banks. Investment bank Credit Suisse has estimated that UK high-street banks generate about £1 billion of annual profits from penalty charges across bank accounts and credit cards"

 

Didn't the banks claim thier charges are merely to cover thier costs? Yeah, right!

 

 

www.timesonline.co.uk/newspaper/0,,176-2168097,00.html

[Spiceskull]

Good article - and the bit that got me was the interest - the 8% APR we will be claiming in court pales into insignificance against the banks' own rates:

Lloyds TSB charges up to £90 a month if you unwittingly exceed your overdraft limit, and charges a punitive 29.8% interest on top.

[Bilgeman]

'Joanna Elson at the British Bankers’ Association disputes claims that customers are dissatisfied. “We are not complacent, but we think customers get a very good deal,” she said.'

 

Black's white, it don't rain in indianapolis in the summer time and 'I did not have sexual relations with that woman'.....

[Spiceskull]

Joanna Elson is a robot - she spouts the same proscribed drivel at every opportunity...

[Freya]

Joanna Elson is a robot - she spouts the same proscribed drivel at every opportunity...

 

 

Its all S***e whatever comes out of her mouth.Perhaps we could see what she has to say to all of us?

Joanna Elson, Executive Director (020 7216 8849 )

Brian Capon, Head of Media Relations (020 7216 8810 )

[Spiceskull]

Its all S***e whatever comes out of her mouth.Perhaps we could see what she has to say to all of us?

Joanna Elson, Executive Director (020 7216 8849 )

Brian Capon, Head of Media Relations (020 7216 8810 )

I emailed her when she responded to the OFT statement last month - haven't heard diddley-squat.

[cajdad]

Good article in todays ST, although misses the point about people actually claiming all their money back ............

This is the same with most (all?) national papers. They are happy to run articles on the subject and publish comments from the banks, but none of them seem willing to tell their readers that hundreds of people are actually getting their money back. And they rarely, if ever, mention this site - yet they all know about it because members have told them! What's their problem?

 

Some of them are quite happy to mention the Which? campaign though. We perhaps shouldn't knock Which?, as they seem to be on the same side as us, but the advice on their site does seem a bit iffy !

[pabrahamas]

Hi Michael the link you have given dose not work now

 

 

www.timesonline.co.uk/newspaper/0,,176-2168097,00.html

[Michael Browne]

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