Go easy on banks or we could leave UK, threatens HSBC
HSBC has warned that it could quit the UK if the rising backlash against the banking industry leads to a further regulatory clampdown and higher taxes.
In a veiled threat to the Government, Britain’s biggest bank signalled that it could move its headquarters overseas unless the authorities ‘protect’ London’s standing as a financial centre.
Were HSBC to carry out its threat, it would deal a hammer blow to the Government’s plans to reduce Britain’s deficit.
Yay more BS! Your a company, you dont govern the UK. About time bank's realize that and stop trying to take advantage of everyone, personally i'd love to see them all f-off to another country but the economic backlash will mean the government curls up in a ball and falls in line.
Forgive me but I hate the thieving ****es and long since believed in double standards.
Banks need customers... otherwise they are a glorified lockbox with nothing to store.
Banks unfairly charged its customers (couldn't prove merit in their charges)... we let it go because...
Banks nearly went under... we bailed them out.
Banks getting back on their feet... back to throwing their weight around!
Banks now giving the government an ultimatum... banks need a reality check.
Forgive me but I hate the thieving ****es and long since believed in double standards.
Banks need customers... otherwise they are a glorified lockbox with nothing to store.
Not too sure what you are getting at there, but like any business banks need customers that they can make a profit from, yes.
Quote:
Banks unfairly charged its customers (couldn't prove merit in their charges)...we let it go because...
See above.
Quote:
Banks nearly went under... we bailed them out.
Some banks got into a hell of a mess, not all, "we" bail out a lot of things, namely other countries for the same reason, just we don't get any ownership in return. We have an asset in LBG, RBS and NR that could easily prove very profitable for the Treasury (us, sort of).
Bailing them out, or rather lending them money, saved masses of jobs, not just in the banking industry.
Quote:
Banks getting back on their feet... back to throwing their weight around!
A global bank like HSBC, (which was not bailed out) has a duty to it's shareholders to produce the best return. If the UK makes the tax regime such that any global business can no longer justify being here, then they will go elsewhere and that is very bad news for the UK economy as a whole.
Quote:
Banks now giving the government an ultimatum... banks need a reality check.
The Government is here to serve, + see above.
The Following User Says Thank You to For This Useful Post:
Yes I agree, the banks were bailed out and that saved british jobs (not just in the banking industry) - you also know I disagree with saving foreign countries and helping with there issues so thats a mute point (atleast with me) - when we bailed out the banks, we were in a position to secure the country, which in turn could of solved this issue, simply put saying you can A) Go Bust, or B) Sign this contract that states you'll remain within the UK, Reduce your charges (or explain them more easily - or be flexible to those trying to pay). Which they didn't.
As you know I am in a set amount of Debt, which suprise suprise is with a bank. If the government didn't double back on the repayment of charges I wouldn't be in debt I'd actually have a few grand sat in my savings. Because of the way banks took advantage with the Huge fee's (they do add up) but the ILLEGAL act of taking them early. They stated charges will be taken on the 1st of the month, yet take them 2 minutes before midnight (and still continue to do so) and unlike to avoid the charges where you have until X time to pay in, they don't work that way for the monthly "charges" once you've been penalized it doesnt go away. I watched as this went extremely high and despite paying a stupid amount purely to stop it, they continued to take the p*ss.
Banks are useful, banks have a right to take money, that does not excuse the manner in which they conduct there businesses, the way they misrepresent themselves and misguide customers in regard to charges. The way they mislabel the expenses on there charges, claiming (Lloyds tsb) costs of ?15 for the administration required to issue 1 letter, the other ?10 was a fine. Which it actually worked out at costing them under 15p. Meaning there fine was ?24.85 as opposed to ?10. When told to reduce there penalties to fall inline with it thye found other reasons not too. Because it would bite into profits.
The banks are taking advantage, whilst yes they do provide a service & jobs our country relies upon this shouldn't give them control. They aren't an elected government and should presume to tell the country what to do.
When those bitter about all things banking have finally pushed the banking services industry out of the UK, how do they plan to replicate the huge tax take from which we all benefit.
We live in a global world. Banks could operate anywhere they chose. We want them to operate in our cities, to create jobs, and to pay tax.
Simply pointing out that if the UK becomes uneconomic they will move is not taking control, it is pointing out the facts.
Many large companies are, far more quietly, doing just that.
When those bitter about all things banking have finally pushed the banking services industry out of the UK, how do they plan to replicate the huge tax take from which we all benefit.
We live in a global world. Banks could operate anywhere they chose. We want them to operate in our cities, to create jobs, and to pay tax.
Simply pointing out that if the UK becomes uneconomic they will move is not taking control, it is pointing out the facts.
Many large companies are, far more quietly, doing just that.
I dont have a problem with the banks at all, they are a business to make money , people seem to think they are a god given right to work for nothing ??
If i was a bank owner i wouldnt lend to half the hanging on by there bootlace companies either OR Give stupid silly 100% Mortgages out .
All them silly ****s who gave 110% mortgages and caused the crash should of been sacked and sent to a place where Ghosts roam at night and thugs live .
No Profit or bonuses should be paid until the Governments bail out is repaid as well ..
And while we are on about banks HSBC did NOT have a bail out and so have NO loyalty to the UK if i was them i would buy new offices somewhere else as well ..
Imagine the staff costs in London ? a flat with a rusty old bath costs ? 500 a week to rent . God knows why as London is a dirty crap hole i reckon but thats just me maybe as i was brought up in quality Kent Countryside .
I'm not referring to HSBC but more banks in general. Personally I don't care if they feck off but the whole "do this or else" has gotta go. I don't work for a bank so I wont lose my job, yeah the tax would be missing but hell they short change on there whenever possible.
I would love to live in a country without overdrafts, loans & mortgages. You either buy it, or you dont have the cash too. A limited risk country where people dont fall massively into debt, or lose a house they are 90% paid up on.
The value of money is unknown to alot of people, they may have it (or the "virtual overdraft") but they don't treat it as such and splash out, people with less money rarely look for the cheaper more affordable alternative and spend stupid amounts outside of there budget.
I guess im just anti-bank in general, I have one (unfortunately) but would much rather to deal solely in cash. Note: I dont have a personal bank just my business acount - which was a requirement of the course i took.
Ok. I have to say this out loud now. You do not care if the banks up sticks and leave the UK.
And yet, you claim to be in business. If you banks really did that, the damage to the economy, and to your lifestyle, would be enormous. Devastating. I do not approve of all the banks do, but they generate massive wealth.
But the real point here is that the British society contains the kind of people who are prepared to say, out loud, on a public forum, that they are ok with telling all the banks to move away.
Wow. This is possible the most blatant demonstration of the lack of grasp of basic commerce and economics I have ever seen.
Big business is a very different world to the idyll you refer to, of a cash only society. But even if that was possible, some form of banking would be necessary.
Go easy on banks or we could leave UK, threatens HSBC 
Linear Mode
