Problems with Banking in Britain

1: bank savings interest rates are at an all time low because government has effectively legislated holding artificially low bank of england base interest rates, for inter bank credit, makings savings a pointless activity.

Interest rates should not be held artificially low just to save the multiple house owning set, unless prejudicial law is in place against property speculators.

2: Banks dont care about savers money until their on the edge of bankruptcy and a run on the bank might occur

Banks major priority should be the well being of the depositors and not shareholders we need to invent a new class of building society’s whose depositors are the shareholders.

3: The ratio of debt banks can loan in comparison the savings reserves they have is too large

this ratio needs to be reduced and set in stone, infringement meaning prison sentences

4: Banks seem run for shareholders which often means their staff members and not savers ?

shareholders should not be in the equation of more than 50% of uk banks, staff should be financially compensated in line with other sectors of industry

5: Banks have not caught up with the digital age, and offer services that fundamentally stem from a paper banking era

They need to offer built in accounting invoicing and reconciliation and user defined conditional based transfer of money between accounts banks etc.

6: THe disparity between the interest offered to savers and the interest charged to people with loans is profiteering for shareholders and employees

there should be limits set to this style of profiteering between the base rate and what charges are made to the end user of credit. if necessary by reducing credit available to those who are quite obviously unable to pay it back, self certified loans etc.

7: For what banks do they offer too high a level of remuneration to themselves and employees.

Capping of bonuses reduction of salarys back to similar for other sections of industry, for this ridiculous level of compensation has been at the expense of the health of the banks, and drives greater immorality of operation to furnish an unnecessary shareholder class. making banks inefficient.

8: The immorality generally encouraged in market trading leads to immorality in the banking sector as a whole.

market trading operations which are attatched to organisations that accept depositors money should offer money back to depositors whose reward is in relation to the use of the deposits as backing to operations that fund debt growth or trading activity, if the depositors assets are used as leverage in any way to increase trading activity or profits for shareholder staff salarys or bank bonuses. in other words I as a depositor want some guaranteed ratio fo reward in relation to my positive deposits being used to make the fiscal health of a bank look good, rather than the 0.005 % interest your offering me on such balances at the moment.

9: Banks prefer people to be in debt and loan too much money, as they make more money from debt than beneficial investment in genuine enterprise and activity

banks caught loaning money profligately and with too high a level of risk to their depositors and the general health of the bank shall be fined or legislated against /sanctioned with laws of sufficient strength to deter such activities.

10: Theyre aren’t enough decent UK building society’s operating in britain any longer

We the people need to create a few more building society’s

11: Theyre a not enough actual deterrents against criminal behavior in the financial sector, for example :

a teenager steals a pair of trainers for no clear reason and should and probably will get some prison time.

a banker runs his bank into the ground all the while whilst taking 100,000 to millions of pounds in salary bonuses and golden parachutes, he retires leaving his bank and its customers to flounder and get bailed out by the taxpayer, yet this kind of crime gets no prison sentence > it doesn’t really make sense ?

previously in british history :

Henry I … caught irregularity in the moneyers of the land and the mint operations. The quality of the coins in the early part of the reign was poor, as the moneyers made a large profit by producing underweight coins or coins of debased fineness. In 1124 Henry called all 150 moneyers to Winchester, and called them to account for their activities — 94 of them were convicted of issuing sub-standard coins and were mutilated, their right hands and one testicle being cut off, as a result of which the quality of coins improved for most of the remainder of his reign

Now that’s a deterrent from stealing from the state ! so as far as im concerned prison sentences for financial irregularity, should have some real threat to them ! and involve time behind bars in regular criminal prisons, do not imagine that because someone dresses in a suit and works in the city that they can be any less criminal than someone who commits burglary.

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