Please please please don't be one of those sheep that panics at the slightest little headline. Now you're worried because of someone posting on the forum that you have no idea who they are worries me about how gullible you are.
ROYAL BANK OF SCOTLAND WARNING
- Thread starter Nightglow
- Start date
Please please please don't be one of those sheep that panics at the slightest little headline. Now you're worried because of someone posting on the forum that you have no idea who they are worries me about how gullible you are.
I'm not worried about RBS because of this, they're just as bad as any other bank, but I do have to admit that I'll be transferring my personal account later this year just because they mismanaged my savings a while ago and it cost me a fair bit of interest. Not entirely their fault, I should have been keeping a closer eye on what they were doing with my money, but hey ho. Onto the next one (first direct in my case)
It's a shame because I've been with them for a long time, but they don't care about that right now, I'm just another punter who it's not worth their time to try and help and keep.
It's a shame because I've been with them for a long time, but they don't care about that right now, I'm just another punter who it's not worth their time to try and help and keep.
Associate
- Joined
- 8 Jan 2004
- Posts
- 1,188
I was with natwrst and got a letter about 2 years ago saying that under the terms of the bailout this would turn into a santander account within 6 months. At the time Santander were doing £100 for new current accounts so I thought 'up yours' and switched myself.
2 years later my natwrst account is still with natwrst. My Santander account is now closed because they were so hopeless at everything.
2 years later my natwrst account is still with natwrst. My Santander account is now closed because they were so hopeless at everything.
Totally. That explains why the gold spot price has taken such a hammering this year.
Gold is just another commodity as volatile as any other. The illusion of safety exists only because people watch the price of it when there is market panic.
FTFY.
Associate
Nothing serious, just thought i'd share it from online bank:
"You may have seen some coverage about Santander in the news recently, following the decision by the credit rating agency, Moody's, to move Santander UK's long-term credit rating from A1 to A2. We would like to reassure customers that they have nothing to be concerned about and that we are a strong business focused on retail banking, as noted by the ratings from the other two rating agencies, Fitch: A+ and S&P: A.
There has also been a lot of media coverage recently on problems in the eurozone and some customers have asked us what this means for Santander UK. Santander UK plc operates under a subsidiary model, which means we are self-sufficient and operate on a standalone basis. Our funding, liquidity and capital is managed in the UK independently from our Spanish parent company. Santander UK remains firmly focused on the UK with around 90 per cent of the balance sheet UK-related, with the non UK elements of our balance sheet related largely to US liquid assets. Our exposure to Europe amounts to less than 1 per cent of our total assets.
Santander UK plc is regulated by the UK regulator - the Financial Services Authority - and all deposits up to £85,000 are covered under the rules of the Financial Services Compensation Scheme"
"You may have seen some coverage about Santander in the news recently, following the decision by the credit rating agency, Moody's, to move Santander UK's long-term credit rating from A1 to A2. We would like to reassure customers that they have nothing to be concerned about and that we are a strong business focused on retail banking, as noted by the ratings from the other two rating agencies, Fitch: A+ and S&P: A.
There has also been a lot of media coverage recently on problems in the eurozone and some customers have asked us what this means for Santander UK. Santander UK plc operates under a subsidiary model, which means we are self-sufficient and operate on a standalone basis. Our funding, liquidity and capital is managed in the UK independently from our Spanish parent company. Santander UK remains firmly focused on the UK with around 90 per cent of the balance sheet UK-related, with the non UK elements of our balance sheet related largely to US liquid assets. Our exposure to Europe amounts to less than 1 per cent of our total assets.
Santander UK plc is regulated by the UK regulator - the Financial Services Authority - and all deposits up to £85,000 are covered under the rules of the Financial Services Compensation Scheme"
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Associate
- Joined
- 21 Sep 2010
- Posts
- 1,215
1. Withdraw money
2. Run up as much debt with collapsing institution as possible
3. Combine 1&2 then spend on whatever you want
4. Laugh as bank in question goes down in flames wiping your slate clean
When the Daily Mail completes steps 1-3 I will be willing to give serious consideration to their proclaimation that 4 is likely to happen.
2. Run up as much debt with collapsing institution as possible
3. Combine 1&2 then spend on whatever you want
4. Laugh as bank in question goes down in flames wiping your slate clean
When the Daily Mail completes steps 1-3 I will be willing to give serious consideration to their proclaimation that 4 is likely to happen.
Totally. That explains why the gold spot price has taken such a hammering this year.
Gold is just another commodity as volatile as any other. The illusion of safety exists only because people watch the price of it when there is market panic.
Seriously? Are you a complete fool?
Gold has intrinsic value, and has been increasing in it's value for more than 1000 years, a two month lull while market manipulators force the price down 1% means nothing. The same thing is happening to the silver market. Do you have ANY idea of how this **** works?
How much was gold valued at (per ounce) when you were born compared to now?
This is precisely why the banks run riot, people don't have a ****in' clue about the real world
.RBS "stole" peoples savings and investments through corrupt deals and lies. They payed themselves huge bonuses for "losing" billions of pounds of customers money. They then beg for bailouts from the govt (which means the taxpayer) with the excuse "you can't function without us....too big to fail" which is financial terrorism. Their friends (accomplices) in the govt then permit the bailouts (because they get bungs and next years re-election donations from them) and then proceed to give themselves MORE bonuses & still fail to stimulate the economy. Then they introduce fee's/financial penalties and yet MORE derivitives based on colateralised debt obligations. Then when the fictitious profits (which haven't even been earned yet) are tallied they make an electronic stroke and "BOOM...........we've repaid you all that money in less than 3years!!!"
Perhaps if RBS "alone" can pay £163 billion back in under 3 years "THEY" should be payin' back the $27,000,000,000 in bailouts worldwide. Then with all their parasitic sister companies they can start makin' a dent in the 1.4 QUADRILLION they "fraudulently" created.
That way the govt can leave my bins/street lights/local services/pensions/disability benefits/rent/gas/electric/fuel/food/savings and my cancer suffering terminally ill mother ALONE!
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Tell me....are you familiar with "MF GLOBAL"?
If not would you do me a favour and google it for me......then come back and delete that regurgitated LIE
.
Looks like the short sighted scaremongering idiots are bored again and are having a go at ruining some companies some more.
Its almost a self sustaining loop
Worry about account
complain loudly about things that could go wrong with the account
cause other people to worry about accounts
cause hysteria amongst the stupid leading to mass withdrawals
successfully cause the company to go under and see your initial fears come to fruition.
state loudly 'see I was right!'.
Its almost a self sustaining loop
Worry about account
complain loudly about things that could go wrong with the account
cause other people to worry about accounts
cause hysteria amongst the stupid leading to mass withdrawals
successfully cause the company to go under and see your initial fears come to fruition.
state loudly 'see I was right!'.
Wake up and smell the coffee, the world you live in at your PC is NOT the REAL world.
You'd have to be a complete simpleton with no knowledge of fiscal matters to even contemplate spouting such a load of utter nonsense.
Jim Cramer - Bank runs
http://www.youtube.com/watch?v=xrmhRzj4q74
It would seem those "short sighted scaremongers" you speak of are professionals.
http://www.youtube.com/watch?v=xrmhRzj4q74
It would seem those "short sighted scaremongers" you speak of are professionals.
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Soldato
Noticed this on the Santander UK site yesterday. While I accept that they would hardly tell you that things are about to go south, a quick bit of research yesterday seems to largely confirm what they say.
Now if only their customer service wasnt absolute ***** I wouldnt be looking for a new account.
OO and its already been posted
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Jon Stewart - Financial network and business press give public false sense of financial security.
http://www.youtube.com/watch?v=BpLfOF4zZW0&feature=endscreen&NR=1
http://www.youtube.com/watch?v=BpLfOF4zZW0&feature=endscreen&NR=1
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Sadly S&P are owned and controlled by Wall Street, their rating means nothing.
Gullible? You wanna look closer to home pal.
http://finance.townhall.com/columni...ruth_is_mf_global_stole_12_billion/page/full/
http://www.zerohedge.com/news/3-mon...12-billion-or-more-client-money-has-vaporized
Gerald Celente on MF GLOBAL : http://www.youtube.com/watch?v=V0bag-bGdAo
Then they introduce fee's/financial penalties and yet MORE derivitives based on colateralised debt obligations. Then when the fictitious profits (which haven't even been earned yet) are tallied they make an electronic stroke and "BOOM...........we've repaid you all that money in less than 3years!!!"
Bitter? Inaccurate? Both?
So once the initial CDO's failed, they then created more did they? Rubbish...
The Cash CDO structuring team - you know... the one they'd hired as a team from Citigroup, and who were previously assembled over at JP Morgan - were almost immediately disbanded once they're positions were unwound. Some have found new positions in investment banking, whereas iothers haven't. The head of this team left RBS in June 2008 and hasn't resurfaced in the UK since.
The Synthetic CDO structuring team was led by a guy whom left in December 2008, and has gone to set up an advisory firm.
RBS' CDO activity was massively scaled down, and has since been replaced by a structured credit outfit which focuses on regulatory capital solutions and credit repacks...