Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin, Gold and Silver Markets Brief - 18th Feb 25
Harnessing Market Insights to Drive Financial Success - 18th Feb 25
Stock Market Bubble 2025 - 11th Feb 25
Fed Interest Rate Cut Probability - 11th Feb 25
Global Liquidity Prepares to Fire Bull Market Booster Rockets - 11th Feb 25
Stock Market Sentiment Speaks: A Long-Term Bear Market Is Simply Impossible Today - 11th Feb 25
A Stock Market Chart That’s Out of This World - 11th Feb 25
These Are The Banks The Fed Believes Will Fail - 11th Feb 25
S&P 500: Dangerous Fragility Near Record High - 11th Feb 25
Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump - 10th Feb 25
Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season - 10th Feb 25
Liquidity and Inflation - 10th Feb 25
Gold Stocks Valuation Anomaly - 10th Feb 25
Stocks, Bitcoin and Crypto's Under President Donald Pump - 8th Feb 25
Transition to a New Global Monetary System - 8th Feb 25
Betting On Outliers: Yuri Milner and the Art of the Power Law - 8th Feb 25
President Black Swan Slithers into the Year of the Snake, Chaos Rules! - 2nd Feb 25
Trump's Squid Game America, a Year of Black Swans and Bull Market Pumps - 24th Jan 25
Japan Interest Rate Hike - Black Swan Panic Event Incoming? - 23rd Jan 25
It's Five Nights at Freddy's Again! - 12th Jan 25
Squid Game Stock Market 2025 - 5th Jan 25

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Customers Pay to Rebuild Bank Profits

Personal_Finance / Credit Crisis 2009 Jul 25, 2009 - 01:10 AM GMT

By: Sarah_Jones

Personal_Finance Banks and building societies are trying to rebuild their balance sheets at the expense of retail customers, according to Moneyfacts.


This is illustrated by the rise in average mortgage rates on a typical 2 year fixed rate to 5.17% from 4%.

More detailed coverage of this story -

City bonuses are being funded by a stealth tax on savings

Telegraph.co.uk - Jeremy Warner - ‎Jul 22, 2009‎
To them, allowing bankers to rebuild their capital by ripping off the customer is preferable to having a second round of taxpayer funded bailouts. ...

 

'Customers pay' as banks rebuild

BBC News - Brian Milligan - ‎9 hours ago‎
Banks and building societies are trying to rebuild their profits at the expense of customers, according to Moneyfacts. ...

 

FSA hammers another nail into its own coffin

Times Online - Patrick Hosking - ‎12 hours ago‎
Peter Vicary-Smith, head of Which?, does not pull his punches, but I have rarely heard him so incensed. The Financial Services Authority was guilty of “an ...

 

Don't bank on a good deal when you retire

Times Online - ‎10 hours ago‎

Standard Life, Britain's fifth-biggest insurer, has caused anger by penalising customers who do not want to use their with-profits pensions to buy a ...


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in