Business as usual for the banks

[ludwig]

The chief exec of Barclays says it's 'time for banks to stop apologising' for their role in the financial crisis.
Am I the only one who didn't realise they'd started?
Are they just going to carry on as before?

http://www.telegraph....stop-apologising.html

[I.Don No]

I wish someone had mentioned that banks can chuff us all up......I could have done it for about half what they have charged us so far!

[VHG]

Lets just hope that the "banks" dont go off and move to Hong Kong or Amsrterdam or New York etc.

They make us (UK) LOADS of money and if they went we would be in deep trouble (as all our manufacturing has gone).

See here

http://www.ifsl.org.u...on-to-uk-economy.aspx

(I know it could be argued they COST us lots of money last year, but we will get most of that back when we "sell" them again).

[dotty.]

when you say 'we will get most of that back when we "sell" them again'

Can we sell them now?
How much is my refund?
Is it tax free?
Will it cover a week in Las Vegas at the Wynn Hotel with 3 Garth concert nights at $253 a ticket?

[Huderon]

I guess he would say that .. after all, if memory serves, Barclay's was the high street bank that didn't take any money from the government !

[jake-the-peg]

Do you always roll over to blackmail that easy VHG?

Saw an American Banker on the news a few months ago talking about how all his traders were threatening to walk and come to the UK if they didn't get the big bucks!

[Sqad]

VHG...exactly.

The bankers were our best friend when they offered us 120%mortgages...we didnt say "Oh no! please, the country can´t afford it"

When the FSA went back ti the Government and said " We are a bit worried, we are spending more than we are earning"....the Government´s reply was to say.."Shut up, everyone here is on a winner and there is an election looming"

Many comments about the FSA not being up to the job, but here again...don´t rock the boat.

Yes....we need the banking industry in the UK as it provides about 20% of tax revenue.....which is quite significant.

Yes, the bankers et al did b@lls it up...........but we must look to the future of banking and try and learn from the past.

I couldnt care less about big bonuses as long as the share prices rise so that we get a good deal when the shares are sold.