So the old lady can get a taxi that drops her right outside a Barcs in Rayleigh but has to walk to the Barcs in Southend and that's a sign that banks are "detached"? Huh? No, it's a sign that there isn't a taxi rank outside the Barclays branch in Southend. That's all. Complain to the town planners, the city council. You want, no you DEMAND that there is a taxi rank outside every branch of Barclays. While you're at it the old lady possibly has to occasionally pop into the chemists so maybe a taxi rank outside each chemist in every town. Oh, and what about her food shopping? A taxi rank outside every Tesco/Sainsbury/Waitrose/Aldi/Lidl/Netto too! Barcs in Southend isn't sitting by a taxi rank because the town council did not think that that was the best place for a taxi rank. That's all. Just because there is not a taxi rank outside every Barcs in every city, town and village in the land is no indicator that Barcs have "detached" from retail customers. That "others I know have ditched Barclays as they aint got the money for taxis"... sorry but what? Are all the people you know 93 year old ladies, or have mobility problems, or don't know about online banking, or can't use their local post office/store for cashback? Sorry but your argument seems as illogical as saying that the reason man hasn't been back to the moon in over 40 years is because the moon isn't parked in walking distance from planet earth. Bad publicity, scathing newspaper stories, poor domestic/retail products, extreme clamp down on fees, poor returns, better offerings from other banks. Those are obvious reasons for people dropping their banks (Barcs in this instance). But not having a taxi rank right outside? I strongly doubt that the majority of people switching from Barcs did so because their branch didn't have a taxi rank right outside.
They concentrated too much on detatching, from traditional retail banking, I have one lady who is 93, she can get a taxi for 3.7miles to a Barclays in another town and be dropped outside next to the taxi rank, check it out its Rayleigh if you don't believe me. Or she can get a taxi into Southend and get dropped to walk further than she can to the southend Barclays then walk all the way back to the taxi rank, she cant. so what does she doe spends £12 to get a taxi to Rayleigh and back to get money and also pay the odd bill. This is why banks are detached, others I know have ditched Barclays as they aint got the money for taxis and switched to sensible banks that aint also had so much bad press over embezzling .
YO , you still reading? Notice jack posting all over the place but not in his massive losses, still talking the tech brainy advisor, and f430 not really bothering anywhere for a whole week.......IN the ROOM?
BANKS ARE STARTING TO LOOK LIKE UTILITIES, BREWIN DOLPHIN SAYS
Britain's banks are becoming more like utilities as they focus on traditional retail banking rather than "casino" investment banking after the financial crisis, according to broker Brewin Dolphin. The banks are increasingly adopting characteristics common among defensive stocks like utilities, such as low growth and more consistent returns on capital, the broker said.
As the sector is now more tightly regulated, it is likely to generate lower returns on capital than it did before the banking crisis, Brewin said.
"Despite the broadly lower headline returns, we welcome this evolution of British banks as they begin to share some of the characteristics commonly associated with investing in utilities. This is likely to make banking a stronger and more stable sector for investment," said James Box, equity analyst at Brewin Dolphin.
Box said low-cost players were likely to be the long term winners because a cost advantage allows more choice and flexibility in pricing products.
"We also prefer banks that provide simple products and therefore have relatively transparent balance sheets," Box said.
Charles Stanley's head of research Jeremy Batstone-Carr has also advised investors seeking steady incomes and dividends to consider putting their money in banks such as Barclays and Lloyds.
I think any sign of increasing profit in our investment division this Quarter will be massive as most of the pundits have put the 18 month decline in Barclays share price down the a fall in in our investments banking income , also if Barclaycard keeps up with the 2nd quarter amazing increase in business it’s all good for us investors lets alone what the market thinks..
let’s be honest the markets liking this I can hear stockbroker Tills a ringing out loud walking through the city of London … Barclays shares it’s been the most played share for years now , maybe just maybe our the tide will start turning here hey
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