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[8 Sep 2009 | No Comment | ]

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Tuesday Financial Focus
There are some significant changes in bank charges in the offing at RBS, according to The Times. But, more interesting than the article itself is the comment by Kia Fosdter. Apparently it’s cheaper to use PayPal than it is to use Natwest (which is a part of the RBS group).
Comment by Kia Fosdter . . .
I rang NatWest today to tell them that I worked out that …

finance »

[25 Aug 2009 | No Comment | ]

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Tuesday Financial Focus
Our spies out there tell us that there may be an announcement soon about a super tax on banks. That’s just another way of saying “excuse me, dear banks, we would like you to move more of you operations away from here and into tax efficient offshore jurisdictions”. And then what would happen to The City and to Docklands?
In recent years the Republic of Ireland and Estonia …

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[16 Aug 2009 | No Comment | ]

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World Affairs on Sunday
Had Sarah Palin remembered that there is more to the world than just the United States, she may have been a little more circumspect in her comments this week about the UK’s National Health Service. I’m well aware that this blog can be read by anybody and so I have some editorial rules about what I can and cannot say.

Of course, I can say anything I …

finance »

[14 Jul 2009 | No Comment | ]

Tuesday Financial Focus
Apparently, this story is true! In the current economic climate Wells Fargo Bank has become the first bank to implement drastic measures to stimulate the economy. They are suing themselves! Yes, honestly! They have filed a case in Florida which, according to Fox News, clearly states “Wells Fargo Bank NA vs Wells Fargo Bank NA”.
I imagine that the only winners are going to be the lawyers! In this blog just two weeks ago I said that the banks were losing their grip!
For some years (as a speaker) …

finance »

[30 Jun 2009 | No Comment | ]

Tuesday Financial Focus
The High Street banks are coming in for more bad press today on account of their reluctance to lend money. Here’s an alternative. It’s called Zopa.

The thing I like about Zopa is that it acts as a route to becoming a business angel, without having to have the resources you’d normally associate with business angels. By investing your money in Zopa you are likely to get a better return than you would from a bank. Having said that, their headline rate of 8.4% relates to last year. I …