Bank profits... state ownership... dividends etc..
Discussion
When a similar problem happened in Sweden during the 90s, the government benefited from the banks turning a profit, and some calculate the bailout cost close to nothing in the end:
http://www.nytimes.com/2008/09/23/business/worldbu...
http://www.nytimes.com/2008/09/23/business/worldbu...
thinfourth2 said:
Damn those evil bankers making a profit
it should be banned
Damn evil (and shameless)it should be banned
http://www.dailymail.co.uk/news/article-1300490/Sh...
Odie said:
You seriously think that the government has got itself into a position where by it is actually going to get money back from the banks?
Our government is incompetent, the banks will have the government round its little finger
You do understand how we bailed the banks out, right?Our government is incompetent, the banks will have the government round its little finger
Marf said:
Odie said:
You seriously think that the government has got itself into a position where by it is actually going to get money back from the banks?
Our government is incompetent, the banks will have the government round its little finger
You do understand how we bailed the banks out, right?Our government is incompetent, the banks will have the government round its little finger
deadslow said:
williamp said:
Of course, as they are 84% owned by the british public, should they make a profit in the first palce? Are their interest rates too high if they can make a profit?
That profit does, afterall come from the british public... who own it.
Most of RBS' profit appears to come directly from me. We got a letter the other day saying the biz credit cards were going up to 24.9% That profit does, afterall come from the british public... who own it.
. Expect a sharp fall in the next half year figures cos I shall be telling them to shove their cards up their highly profitable arses
And talking of RBS. Did you also note that around 2million customers of RBS will have their accounts moved to ...guess who?
Yep, them again, Santander, as part of a deal that will see the Spanish giant take over control of about 300 of the Scottish group's branches.
The sale was forced on RBS by the EU European Commission (nice to see we are in control
).How much of this country is now in foreign hands, or to be more to the point how much is under our control? Very little.
Independent island. What a joke.
As for the point that we now have a far more competent government (than the last).
That wouldn't take much doing!
As for the degree of competency of the current coalition, come back in a year's time ...when we will probably know the date of the next General Election!
Edited by dandarez on Friday 6th August 14:21
NoelWatson said:
thinfourth2 said:
Damn those evil bankers making a profit
it should be banned
Damn evil (and shameless)it should be banned
http://www.dailymail.co.uk/news/article-1300490/Sh...
NobleGuy said:
Marf said:
Profit seems to be a dirty word when applied to banks at the moment.
Yeah, crazy really as although I'm not expecting the banks to pay dividends, bank profits at the moment can only be a good thing for 'our' future share value.
Get out!!That sort of common sense has no place in these parts.
Rocksteadyeddie said:
NobleGuy said:
Marf said:
Profit seems to be a dirty word when applied to banks at the moment.
Yeah, crazy really as although I'm not expecting the banks to pay dividends, bank profits at the moment can only be a good thing for 'our' future share value. Get out!!That sort of common sense has no place in these parts.
Soovy said:
The taxpayer will make a VERY VERY handsome profit overall on the bail out.
Oddly not very much about this in the press.
Yeah, but my fear is that a paper profit is one thing, but they must come up with a method of extracating themselves out of the current ownership they have (84% or whatever it is for RBS) and handing them over to the market. I would hate for the government to think they can wield power and control, keep the shareholding and start using the bailed-out banks as their own political pawns. Unfortunately its been done before and its the public that looses out.Oddly not very much about this in the press.
Lets see a concerted plan to resolve this, and if "we" make a profit then great. We can pay off some debt as a result.
Timmy35 said:
Marf said:
Odie said:
You seriously think that the government has got itself into a position where by it is actually going to get money back from the banks?
Our government is incompetent, the banks will have the government round its little finger
You do understand how we bailed the banks out, right?Our government is incompetent, the banks will have the government round its little finger
Its even more unlikely though that us the public will see any benefit from any money the government get from the banks (if they infact get any as stated earlier), it will most likely go to the EU or some impoverished nation who have just had a natural disaster.
Soovy said:
The taxpayer will make a VERY VERY handsome profit overall on the bail out.
Well he darned well needs to - bearing in mind that the banks have been borrowing from that same taxpayer at an interest rate of almost ZERO.Savers are getting raped by low interest rates and high inflation while the banks rebuild their balance sheets.
Ozzie Osmond said:
Well he darned well needs to - bearing in mind that the banks have been borrowing from that same taxpayer at an interest rate of almost ZERO.
More misinformation from the tabloids and the previous shower in government - the preference shares which formed the 'bailout' pay a 12% rate of interest. http://www.guardian.co.uk/business/2009/jan/19/rbs...
That's hardly near zero - in fact it was so far away from ZERO that Barclays went out of it's way NOT to borrow from the [previous] government and go to the Middle East instead (paying 14% interest according to the article below).
http://www.bloomberg.com/apps/news?pid=newsarchive...
Yep, thanks for the help, Alistair. I'm sure they'll repay the favour by moving their investment businesses away from London and you leftie whingers can find someone else to fund your lifestyle.
Edited by fido on Friday 6th August 23:02
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