Banks

[cider_eater]

Loyds Banks
They are advertising to Lend/investing regular, Haven't they sense
More sense if they lowered their interest, Ive heard if you got any spare
in the bank the interest great difference from Borrowing to lending.

 

[nelly55]

Manager told a friend all business o/d rates going to 9% plus base as standard.deposit rate 0.10%

 

[J 1177]

Manager told a friend all business o/d rates going to 9% plus base as standard.deposit rate 0.10%

What bank was that

 

[cider_eater]

They all are twisters they know we can't do much with out them!

 

[cider_eater]

Manager told a friend all business o/d rates going to 9% plus base as standard.deposit rate 0.10%
Art they all together !!

 

[livestock 1]

If they put od rate to 9% plus base after this they would shoot themselves in the foot

 

[Werzle]

They should have put interest rates up 18-24mths ago to steady people up abit imo. The economy is a false one because its built on the drip

 

[Werzle]

If they put od rate to 9% plus base after this they would shoot themselves in the foot

There would be a wheelbarrow of house keys in the banks letterbox if they do

 

[livestock 1]

There would be a wheelbarrow of house keys in the banks letterbox if they do

Not only that but it would only benefit the banks as far as the ones who have enough collateral to cover the borrowings. Plenty of farmers do but many other types of businesses don’t. If there becomes an abundance of land and property and whatever else appearing onto the market at once, then there will be likely a drop in value and possibly a lack of uptake. Also the prospective buyers will also be subject to this interest rise.

 

[teslacoils]

Base rate down, bank lending margin up. Dirty vipers.

 

[nelly55]

Lloyds

 

[som farmer]

they won't help the farmers that really need it, only the ones they think are 'alright'. Already in this crisis, they have tried to pull a fast one, extra collateral, and higher interest rates, BOE slapped them down on that, but they will be working to find a loophole to shaft us again. But, I am led to believe, the banks are not quite so robust, financially as they would like us to believe, and for certain, there are going to be some major firms going under, in this crisis.

 

[John Slejpner]

Base rate down, bank lending margin up. Dirty vipers.

I guess the fact is silly low interest rates destroy the rational of keeping cash on deposit.
That banks would really struggle with low interest rates was predicted by independent banking analysts.
Despite the size of the credit bubble that banks are obviously part involved in, profits are harder to come by.

 

[livestock 1]

The old way I had it explained to me when I started was that the banks got the wealthy people to deposit their money so people like my self could borrow it at a cost to develop my businesses.
Although that’s not strictly true and is more applies to building society’s the theory nevertheless makes sense.
We are so far away from that theory now it’s unbelievable.
Money borrowed against hypothetical money rather than its actual existence
This is why they hate overdrafts
They have to hold actual equal money to the same value somewhere to provide an overdraft facility
That’s why they try to stick everyone on loans or one of the reasons anyway

 

[deleted user 837354]

The old way I had it explained to me when I started was that the banks got the wealthy people to deposit their money so people like my self could borrow it at a cost to develop my businesses.
Although that’s not strictly true and is more applies to building society’s the theory nevertheless makes sense.
We are so far away from that theory now it’s unbelievable.
Money borrowed against hypothetical money rather than its actual existence
This is why they hate overdrafts
They have to hold actual equal money to the same value somewhere to provide an overdraft facility
That’s why they try to stick everyone on loans or one of the reasons anyway

Banks dont rely on folk's money now they just borrow off other banks. The profit is the bit in the middle.

 

[livestock 1]

Banks dont rely on folk's money now they just borrow off other banks. The profit is the bit in the middle.

That’s where the ‘hypothetical money’ part comes from and where the trouble starts

 

[livestock 1]

It’s like China syndrome

Quite apt at the moment I think

 

[deleted user 837354]

That’s where the ‘hypothetical money’ part comes from and where the trouble starts

The stupid thing is farmers have long established businesses and many have assets that usually increase in value. As such they would be a safer bet you would think.

 

[teslacoils]

They simply cannot afford house prices to fall and the govt will do whatever to underwrite this

 

[lazy farmer]

Here’s Some actual facts. Our OD was renewed last week via a answer phone message without being asked for a budget or accounts. 1% arrangement fee. Interest 2% over base. So currently paying 2.1%
Nothing has changed for ag.
Lloyds