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Unitate Fortior


The Building Societies Association does what it says on the tin; it is a trade body which represents the 44 Building Societies ranging in size from the mighty Nationwide, infinitely bigger that the Bath to the humble Penrith, which is about one third of our size. It performs a number of important functions from lobbying government and regulators to running conferences, training and seminars on…

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Switch my Bank? – I’d rather not make a scene


I’m reading a fascinating book at the moment called “Watching the English” written by social researcher Kate Fox. Ms Fox’s studies focus on the ways that English people behave and over the course of a couple of hundred pages she draws out eloquently the defining characteristics of what it is to be English. Our painful ineptitude at social interaction and embarrassment about well… just about…

In Finance

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Wronga.com?


I suspect many people like myself were punching the air with joy when the new Archbishop of Canterbury, Justin Welby, said he wanted to “compete out of existence” the likes of Wonga and other “PayDay Lenders” who charge very high interest rates for short term loans. I have always thought it bizarre that operators at this end of the market seemed to be allowed to do pretty well what they liked,…

In Finance | Current Affairs

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Bank bonuses are immoral. Let’s keep them!


So RBS, a business 82% owned by the British taxpayer, made a LOSS of over five thousand million pounds AND STILL paid out six hundred million pounds in bonuses, mostly to high rollers in the investment banking division!! You can understand why people are incensed by this kind of thing, especially when so many people are scratching around this recession in precarious circumstances not knowing w…

In Finance | Current Affairs

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Well done, (the other) Mr Jenkins


You may have noticed that there is another Mr Jenkins (no relation) in the financial services world that is making news at the moment. That’s Antony Jenkins, the new Chief Executive at Barclays Bank. He’s hit the headlines several times in recent weeks for redefining Barclays values, wanting to get rid of the old Barclays culture and some of the people who personified that culture, and declini…

In Finance | Economy

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