Friday, December 15, 2006

More bank nonsense

A recent report concluded that banks are taking the piss with penalty charges (as referred to in the linked article for which I apologise for the ridiculous use of a question as a headline in what is very much a Mail/Express stylee). Today's 'no shit Sherlock' story in relation to banking concludes that while banks reflect changes to base rates instantly on borrowing, they're not so swift in applying them to savings.
I don't expect there to be any changes any time soon on either of these items and both have had justification attempted with a whole load of utter blather. It'd be nice to see a bit of equivalence and consistency, but that's never been a commodity banks have traded in, so I shan't hold my breath.

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