Max Power Posted February 16 Share Posted February 16 2 hours ago, La_Dolce_Vita said: I don't know the details of what sort of regulations were warranted following the 2008 financial crisis but my understanding was that more regulation was needed. Are the wrong things being regulated? Or has it gone too far? RBS/NatWest came out of the 2008 scandal as one of the main perps, they then proceeded to try and destroy many of their own clients which they had forced into sticky situations. They are a criminal organisation, nothing more, nothing less. Heads needed to roll after their criminal Global Restructuring Group activities, they caused many bankruptcies and suicides when they tried to steal properties out from under their customers to inflate their portfolio. Absolute cunts, hanging is too good for those involved. 3 1 Quote Link to comment Share on other sites More sharing options...
finlo Posted February 16 Share Posted February 16 More banks will just bail out along with all the credit card providers and insurance providers! 1 Quote Link to comment Share on other sites More sharing options...
The Phantom Posted February 17 Share Posted February 17 (edited) 15 hours ago, La_Dolce_Vita said: I don't know the details of what sort of regulations were warranted following the 2008 financial crisis but my understanding was that more regulation was needed. Are the wrong things being regulated? Or has it gone too far? The banking crisis of 2008 was caused by banks and investors blindly lending to people for properties they couldn't really afford. These bad loans were then packaged up and sold onwards to other banks and investors. Huge numbers of the recipients of the loans eventually were unable to pay, defaulted, the banks seized the properties and they were left owning properties that were valued at significantly less than the loans provided. It wasn't caused by money laundering or regular Joe's not providing proof of ID and address confirmations, it was caused by the greed of banks. Edited February 17 by The Phantom 2 4 Quote Link to comment Share on other sites More sharing options...
cheesypeas Posted February 17 Share Posted February 17 21 hours ago, Hairy Poppins said: They mention the onboarding of new clients... I'm actually amazed anyone managed to open an account with them. I've had an account with them for almost 40 years, last year I wanted to open an additional account and was told there was a 6 month waiting list/processing time...during the process they managed to lose copies of my documents... Currently looking for a new bank. Told us six month too. That was to open another business account. We already had one with them for several years Quote Link to comment Share on other sites More sharing options...
Sign in Posted February 17 Share Posted February 17 Possibly throwing myself to the wolves for not checking the information out which may or may not be factual. Apologies for my haste as I'm out tonight. https://prnt.sc/wqtDoAwClhhy Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted February 17 Share Posted February 17 9 minutes ago, Sign in said: Possibly throwing myself to the wolves for not checking the information out which may or may not be factual. Apologies for my haste as I'm out tonight. https://prnt.sc/wqtDoAwClhhy At least you contributed ( and did issue a caveat) Quote Link to comment Share on other sites More sharing options...
Passing Time Posted February 17 Share Posted February 17 All banks appear to be running scared at the moment. Quote Link to comment Share on other sites More sharing options...
Interested Reader Posted February 17 Author Share Posted February 17 1 hour ago, Sign in said: Possibly throwing myself to the wolves for not checking the information out which may or may not be factual. Apologies for my haste as I'm out tonight. https://prnt.sc/wqtDoAwClhhy Yes as it uses the phrase “legal fiction” which is a common loony freemen type phrase. Quote Link to comment Share on other sites More sharing options...
Gladys Posted February 17 Share Posted February 17 We should all fear a Motu Propio through the post. Quote Link to comment Share on other sites More sharing options...
Manx Bean Posted February 18 Share Posted February 18 On 2/16/2024 at 1:05 PM, Hairy Poppins said: They mention the onboarding of new clients... I'm actually amazed anyone managed to open an account with them. I've had an account with them for almost 40 years, last year I wanted to open an additional account and was told there was a 6 month waiting list/processing time...during the process they managed to lose copies of my documents... Currently looking for a new bank. Ditto. In the end I opened an account with Santander. They weren’t really much quicker to be honest, and the mobile banking app is shocking. Quote Link to comment Share on other sites More sharing options...
Kopek Posted February 18 Share Posted February 18 21 hours ago, Gladys said: We should all fear a Motu Propio through the post. We certainly should be, if we knew what message meant??? Even Wiki is vague!!! So, your Bank want you to complete the 'Hoo Yu'' questionaire, what if you don't? Are they going to close your account and lose your contribution to their business? Lose their fees? Quote Link to comment Share on other sites More sharing options...
Jarndyce Posted February 18 Share Posted February 18 22 hours ago, Gladys said: We should all fear a Motu Propio through the post. Does the Pope have an interest in RBSI? Or have I missed your point? 1 Quote Link to comment Share on other sites More sharing options...
Gladys Posted February 18 Share Posted February 18 52 minutes ago, Jarndyce said: Does the Pope have an interest in RBSI? Or have I missed your point? Check out Sign in's link. Quote Link to comment Share on other sites More sharing options...
Jarndyce Posted February 18 Share Posted February 18 4 minutes ago, Gladys said: 57 minutes ago, Jarndyce said: Does the Pope have an interest in RBSI? Or have I missed your point? Check out Sign in's link Yoiks! What the hell…? Quote Link to comment Share on other sites More sharing options...
Gladys Posted February 18 Share Posted February 18 2 minutes ago, Jarndyce said: Yoiks! What the hell…? Quite! Quote Link to comment Share on other sites More sharing options...
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