The banking report from Sir John Vickers and the ICB didn't stop at demanding banks break up their retail and investment arms to protect us from their "gambling" failures. It also looks at changing the way banks charge us for their products.
Can we expect them to bleed us dry by charging for other banking services like current accounts....
Banking Reform - more charges!?
Jayne Morefield
in
Tranferring accounts...easy? No way....
I went to my bank with the simple intention of closing an account and transferring to a new account with another bank. I was met with a mile-high of red tape, numerous staff, customer service phone calls and vists to the bank (each visit involved at least half an hour). At last after a few weeks they managed to transfer ...
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Christine Waterman
Hi all - maybe I shouldn't be asking a question here, but if an account is owned jointly in the names of two or more people and it is designated as "with rights of survivorship," then when ...
infinitewisdom
in
Glimmer of hope?
The ICB called for new competitors to come out and take on the big banks without making it more expensive at the same time. I notice that the Metro Bank was a start, and with eight years to go they have some time to get off the ground before we find ourselves paying for the privilege of propping up further some banks we already ...
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Sickofitall
Finally the Government may actually do something it said it would do, although we are talking 8 or 9 years for this to be implemented.
Thanks to the banks we have no local facilities, huge ...
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