Were UK Banks really fixed after the crash ?

[unclebulgaria67]

I have been thinking for quite awhile that the Banks were not really properly fixed after the 07/08 crash. What happened was that the Banks sold off some of their rubbish debts and some assets, as well as money injected via the bailout and QE. There has also been some tightening of regulatory rules. But I am not convinced that the Banks have actually recovered that much, as the last round of end of year results were not that good. The Banks are still carrying many assets which are probably not as they are valued at.

 

Look at the adverts on TV for loans with interest rates anywhere between 40% and 400%. You don't see many high street Banks advertising loans on TV. Also the motor industry reporting an increase in sales, said that they had been providing finance themselves to customers, presumably because they cannot get the money from the Banks at the interest rates wanted.

 

What is the true state of UK and world Banking in general ?

 

Nb. Two big European Banks (Santander & Deutsche Bank) failed US stress tests recently.

[caro]

They are no better IMO and the bankers behave no differently. It's the taxpayers that have suffered, not them.

 

That said, I think the FCA is much less accepting of unacceptable behaviour and more willing to impose sanctions, and much quicker. The banks will still try and get away with as much as they can.

[unclebulgaria67]

They are no better IMO and the bankers behave no differently. It's the taxpayers that have suffered, not them.

 

That said, I think the FCA is much less accepting of unacceptable behaviour and more willing to impose sanctions, and much quicker. The banks will still try and get away with as much as they can.

 

The FCA won't see some of the unacceptable behaviour. I doubt that HSBC were only company engaging in tax avoidance schemes via another country.

 

UK Bankers have always been involved with some things that US Bankers would not touch. Look at the number of UK Banks that have been fined by the US regulators. Also the NatWest 'three' Enron case where they went to jail. If the FCA had the same legal powers of US regulators and the same resources, there would be some very worried people in the City of London.