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'Customers pay' as banks rebuild
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=1967		 Page 1 of 1
Author:  MrStevenRogers [ Sun Jul 26, 2009 8:12 am ]
Post subject:  'Customers pay' as banks rebuild
Quote:
Most experts believe that banks are using the relatively low level of competition in the mortgage market to rebuild their profits.
At the moment just eight or nine big lenders are supplying the vast majority of mortgages.
Michelle Slade, of the financial information website Moneyfacts, said lenders' potential profit margins were the largest they had seen since they started keeping records in 1988.


our caring sharing bankers, what would we do without them …

http://news.bbc.co.uk/1/hi/business/8167784.stm
Author:  l3v1ck [ Sun Jul 26, 2009 3:14 pm ]
Post subject:  Re: 'Customers pay' as banks rebuild
Is it building up profits or building up cash reserves?
I can understand the need for banks to have cash reserves and not to rely on foreign debt.
The problem I have is the medium term. Our fixed rate mortgage has just run out and we could get a very low interest rate if we took a variable discount mortgage. But as interest rates can only go up, I'd rather pay more now and get a longer term fixed rate. As long as I pay less than on the old one, I'm not bothered.
Author:  MrStevenRogers [ Tue Jul 28, 2009 3:09 pm ]
Post subject:  Re: 'Customers pay' as banks rebuild
the Govt should have let the banks fall
they could then have placed a guarantee on all savings (far cheaper then bailing the banks out)
any and all loans and mortgages would have been collected by the Govt running the bank , so no difference to the person/company paying, that way the MD/CEO/Directors and anyone else in charge could have been sacked with all benifits/pensions/bonuses/bank accounts/savings/shares/properties and anything else that they owned frozen until/after an inquiry regarding the loses that the bank(s) incurred …
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