Quote from: dave on December 06, 2006, 09:21:37 pmOn the subject of all banks existing to fuck you over, don't be surprised when in the next few years they all start to charge £25 a month for a current account - it will happen. How the fuck they think they can morally charge you for you lending them your money is beyond me. When it happens i'm buying and old matress to keep all my bananas in, and a briefcase handcuffed to my wrist.Banks used to charge for current accounts, they still do in the USA from what I can gather, and for things like processing checks. They stopped because they were making so much money on fees, credit cards and loans that offering free current accounts was a good way to entice people in to use the bank. Now that people are claiming unfair charges back and fees are being set lower they need to make their money somewhere else, so yes curent accounts might start having fees with them, 0% interest deals on credit cards might stop, and all the unsecured lending might tighten up a lot.You're not lending the banks money in a current account any more. They don't borrow money off their current and savings account holders to lend people for loans and mortgages. The use the carry trade for much better margins, and only need a tiny fraction of actual money compared to what they can lend out.The banks maintain internet banking, telephone banking, switch cards, cash machines, branches, standing orders, direct debits all for you and your current account, and at the minute they give it you for free. If they're not making money out of current accounts, why should they not charge you for them? You can keep your money in a suitcase all you want, they won't care, but you'll still need a current account for your wage, unfortunately. Hopefully if/when that happens they'll offer a complete internet based current account with a lot lower fees. Sorry about all this being off topic.
On the subject of all banks existing to fuck you over, don't be surprised when in the next few years they all start to charge £25 a month for a current account - it will happen. How the fuck they think they can morally charge you for you lending them your money is beyond me. When it happens i'm buying and old matress to keep all my bananas in, and a briefcase handcuffed to my wrist.
double sorry for this being off topic
Corporations like HSBC and RBS are some of the most profitable on the face of the planet. HSBC make about £12 billion a year in profit, the CEO earns summert like the best part of a mil a year. double sorry for this being off topic
The training Board:
Our fixed hold board is only 30 degrees overhanging, and therefore not really steep enough for many anyway (as several folks have already
look at uncle in joint 37th dobbin in at 13th