Banks

[% MAN]

What annoys me is that at one Alliance and Leicester cash point outside my local shop which is owned by Londis charges £1.75 per use yet the local Texaco Garage also has an A and L cash point yet charges nothing to take your money out.

These so called "convenience" charges are a disgrace – I remember I had a very heated discussion about them with the head of consumer banking at the bank where I used to work. He was very much in favour of introducing charges at all non-branch based ATM’s.

In terms of costs of ATM transactions the cost of an ATM transaction from your own bank’s machine is around 12p per transaction, whilst a transaction from another banks system costs around 35p (those figures are a few years old now)

[insomniac]

Can’t get worked up about these.
If Barclays, HSBC etc.(who didn’t need taxpayers’ money to bail them out, but who may have benefitted from the "stabilisation" the bail-out may have produced) want to pay their staff a bonus, be it £1 or £2Billion what the f+++ has it got to do with politicians? Or Joe Public come to that?
Even for those banks (RBS Lloyds etc.) that did get taxpayers’ money, I still can’t get too mithered and suspect that much of the rhetoric from politicians, press and public is just plain envy.
A body of banking wallahs get say, £7 billion in bonuses. 50% of that is returned to the taxpayer. What will these bankers do with the remaining £3.5 billion? Well, there’s a fair chance that they’ll actually SPEND some of it. And on most of that spending they’ll pay VAT (at 20%) – so more kerching for HMR&C.
Perhaps they’ll buy products or services made/provided by many of the lumpen masses – thus keeping them in employment – who moan about such bonuses.
The problem is not the size of the bonuses but the stupidity of the likes of Cameron, Cable (who really is an over-rated knob in an institution full of over-rated knobs), Balls, Millipedes etc. for touting the "populist" line that they’ll hammer the bonuses.
In reality there’s not that much they can do and even if they did, they’d be shooting themselves in the foot by reducing tax revenue. A trader can make a deal in Geneva, Gibralatar or New York just as easily as in London. Where would you really like them to spend their bonus dosh?
What is it about this country that makes so many resent the success of others and our politicians believe they ought to jump on the bandwagon of such sentiment?

[Seven Towers]

When you talk about the "success" of these people insomniac what success are you referring to? Their success in driving the global economy to it’s knees?

I would be very surprised if anywhere near 50% of their bonuses ever found its way to the exchequer. Most of it will be squirelled away tax free through some loophole or other.

They are parasites and the fact that a few proles waiting tables might benefit from their poxy tips as they stuff their coke bloated faces at some overpriced West End eatery isn’t going to comfort the millions unemployed/soon to be unemployed elswhere.

Unfortunately the banks are too full of their own sense of self entitlement to change their ways and governments worldwide are so deep in bankers pockets that we will all continue to suffer while the bankers live the high life.

[Author]

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