RE: All Shipmates28 Feb 2020 07:16
As an aside, banking stocks used to be the ones to hold (going back some years) they just printed money, then they got greedy and took risks that exposed them for what they were and had to be bailed out at taxpayer expense, then the PPI scandal, it all took its toll and still today most are fighting to find a way to make enough profit, interest rates are so low and will soon go even lower, the only way banks can make a saving to bolster the earnings is to close branches and reduce the most expensive overhead, the staff, take Lloyds it is continuing to close its branches by using the excuse that many of its customers don't use them and prefer online banking, (weren't we forced into that by the banks themselves) so when all the bank branches close where are we left to obtain cash, ( of course they say we can use the ATM) yes this ATM that we have been told to use is free to use, now they want to charge us for the privalige of that ATM, we will all soon be charged just for the privalege of having a bank account that pays no intrest on savings, I think banks have had their day and can not see how they can continue to make any serious money, take Metro accounting errors and its stock crashes, investors have piled in thinking it is now undervalued and from some sort of rumour thought it would be brought up by Lloyds Bank of all, as previousey stated all banks seem to be wanting to cut costs and have no retail outlets if at all posible and rely on cash machines, banking is not what it was any more...
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