RE: It’s all about interest rates20 Sep 2020 19:49
LS,
My Barc Corp manager phoned me on Friday to tell me any further borrowing would be done @+50bp , .5 % more . Bearing in mind my loading is 2.5% over base , now they want 3% , a 20% increment , they are expecting major defaults !
Our BOE dropped our base to help businesses , and now banks incrementing their interest rate , negating such actions . I can see class action suits .
As Wids told us 2 yrs back , never trust bankers .