UK banks can weather pandemic, says Bank of England
11/12/2020 | news | business | 384
Most risks to financial stability posed by Covid and a no-deal Brexit have been mitigated, the Bank says.
8
11/12/2020 09:54:07 50 18
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Oh well that's a relief. To hell with everyone else though.

Banks are like cockroaches - they can survive anything.
Stupid comment Removed
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Pip
11/12/2020 11:50:28 2 1
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So was that........?
203
11/12/2020 14:08:36 1 2
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Not really.
They are pretty opportunist and have behaved totally immorally historically.
What metaphor would you think appropriate?
Leeches?
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11/12/2020 09:56:42 16 3
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Indeed. HSBC charges 16.9% apr on personal loans and pays 0.1% on savings. Of course they can weather the storm.
Legalised extortion. Crooked greedy B'stards. Removed
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Bob
11/12/2020 10:12:21 10 19
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The Banks don't get QE money "for free"
And you clearly can't read Removed
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Bob
11/12/2020 10:50:58 2 5
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Clearly - I should have said that Banks don't get QE money at all - not directly anyway - and if they do get any QE money it is by borrowing it
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Tv
11/12/2020 10:06:22 2 0
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Yeah, but why ?
Greedy fkrs Removed
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11/12/2020 09:54:55 103 21
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Of course they can. They have the taxpayer to bail them out.

For you and me, 'weathering' means 'cutting back'. For banks it means 'sitting back and watching the money roll in'.
Simple is, as simple reasons. Removed
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11/12/2020 13:59:10 7 9
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Get a job?
Get a brain? Removed
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11/12/2020 14:08:57 7 8
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What other choice do they have? There are plenty of jobs around if you want one and are prepared to roll up your sleeves.
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11/12/2020 14:00:52 3 2
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Can the UK survive the self-inflicted economic and social damage of Brexit?
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11/12/2020 10:34:56 57 8
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Absolutely. Lost our Business and my job. I have £1,036.41 to live on a month [an occupational pension]. Rent is half of that and now in deficit and because I have that Income I am not entitled to ANY benefits. I have worked all my life and paid taxes. People with money [Millionaires/billionaires/trillioniares] have no idea! I shall be bankrupt next month! what then????
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333
12/12/2020 08:05:54 6 4
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The Evil Tories are readying their warships for their FISHING WAR.

They are preparing for their TRADE WAR with the EU.

So that's NO DEAL BREXIT and a PANDEMIC.

Plus £2 TRILLION DEBT and £400 BILLION DEFICIT.

The Evil Tories can do whatever the hell they like because they will always have that power handed to them by the English electorate.
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