tag:blogger.com,1999:blog-32841798.post8706106663594361540..comments2024-03-28T04:30:21.088+00:00Comments on Capitalists@Work: Would you like carrier bag. Cashback ? How about a mortgage?CityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-32841798.post-65359249413461920122010-10-07T13:51:36.840+01:002010-10-07T13:51:36.840+01:00Budgie - switch then!!
BQ - then the regulator ...Budgie - switch then!! <br /><br />BQ - then the regulator needs to toughen up then!Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-89111474708289271352010-10-07T13:26:08.473+01:002010-10-07T13:26:08.473+01:00I rarely go into my own local bank branch. If it w...I rarely go into my own local bank branch. If it wasn't for the business transactions I wouldn't use it at all, banking online, getting cashback and so on. But that local bank is always packed. <br /><br />Yes, it is packed, Bill but out of sheer bloodymindedness I go in, in an attempt to keep the illusion of face to face banking going.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-42181453173984006312010-10-07T13:05:37.965+01:002010-10-07T13:05:37.965+01:00Be It doesn't need to be either/or, but the ex...Be It doesn't need to be either/or, but the existing banks don't like competition and can be very obstructive unless instructed by HMG. For instance RBS, owned by HMG,still refuses to allow its customers to use the Post office, despite promising every year to do so, and assuring the regulator it will. This has gone on for the last 7 years.<br />I would think Tesco would be the bank for a metropolitan like yourself. In rural areas there are often no banks at all. That's the post office's territory.<br /><br />Budgie: That's the hook for Tesco.<br />They are not saddled with having to write off huge debts, and so making excessive charges to do so.<br />Their branch network will cost nothing, as its already in place.<br />So they would effectively be an internet bank, with internet style cheaper charges, but still a [limited] counter presence.<br />With some good marketing, something they are already adept at, they should clean up.<br />And i hadn't even thought about BE's loyalty points idea as an added sweetener to switch.Bill Quango MPhttps://www.blogger.com/profile/14861116614665461655noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-75519444289594867312010-10-07T12:41:49.539+01:002010-10-07T12:41:49.539+01:00Be said: "That said, my current banks (First ...Be said: "That said, my current banks (First Direct for current account, ING for savings) haven't irked me enough to switch."<br /><br />There's an awful lot of people out there itching to switch away from the likes of RBS, HBoS. Including me. We know the banks are over charging us to make up for the money they have lost due their own hubris and incompetence.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-91723047388327569042010-10-07T12:27:44.519+01:002010-10-07T12:27:44.519+01:00Why does it have to be either/or?
HMG can stop ge...Why does it have to be either/or?<br /><br />HMG can stop getting in the way of the Post Office providing new services AND give Tesco a banking licence.<br /><br />Post Office has some way to go on the trustworthiness and efficiency front before I would switch my banking to it. Tesco less so, as long as they give me plenty of Clubcard points.<br /><br />That said, my current banks (First Direct for current account, ING for savings) haven't irked me enough to switch.Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-80036303437966820482010-10-07T09:28:30.541+01:002010-10-07T09:28:30.541+01:00Anon: Not sure i know that Ford story. originally ...Anon: Not sure i know that Ford story. originally Ford motor company was started on the usual capitalists-dragon's den model. <br />Ford's ideas and own money and some willing investors who contributed cash or premises or supplies. <br /><br />Weekend Yachtsman: Well quite. there were about 17,000 offices before New Labour's cull. The most amazing thing about post offices is the large state run ones, of which there are only about 250 in number. These offer all the services of a bank, except current accounts - mortgages, health insurance, holidays, savings etc.. Plus they have the largest mail volumes and the most pension users, have all the latest technology that you will never see in your local office - yet they make a loss and have done for years and years. <br />In other businesses the Flagship branches carry another 5 - 10 outlets with the profits they generate.Bill Quango MPhttps://www.blogger.com/profile/14861116614665461655noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-88454096631032795902010-10-07T08:14:08.863+01:002010-10-07T08:14:08.863+01:00Dear Bill, non bankers going into banking is not v...Dear Bill, non bankers going into banking is not very new, I am told years ago, you can probably advise me if I have been mis informed, Henry Ford had problems when trying to gain finance from established banks when the model T production started to take off, like a lot things he did he decided to form his own bank (he was told the model T would never take off - the usual banker's excuse for not lending)Anonymousnoreply@blogger.com