COUTTS Bank - how much to be a customer?

Inactive

Mikeyorks wrote: »

They have some seriously efficient investment / Trust and tax advisers .... if you're in that sort of territory. Their reputation ... and their clientele ..... is pretty impressive - and is holding up well at the current time.

Perhaps they should have used these staff to actually manage the whole group then, for certain the muppets in charge made one huge mess of things.;)

Mikeyorks

I gain the impression that the Coutts people attempt to maintain a discreet separateness from any concept that they're part of a group. The merchant banker background fades very reluctantly?

Extant

Mikeyorks wrote: »

I gain the impression that the Coutts people attempt to maintain a discreet separateness from any concept that they're part of a group. The merchant banker background fades very reluctantly?

Part of it is probably simple pretentiousness and part of it is probably trying to preserve the brand - if you say "Coutts, private bankers to the Queen" it in theory sounds more impressive than saying "Coutts, private bankers to the Queen - owned by a Scottish company that also owns Natwest."

I, on the other hand, couldn't give a damn where a bunch of unelected embarrassments bank.

ShelfStacker_3

Private banking has one distinct difference, in my mind, and one distinct difference only - namely, that transactions involving their accounts are a colossal pain in the backside for me.

Any HSBC staff member who's ever done a group encashment will know precisely what I mean.

Mikeyorks

BarclaysManager wrote: »

I, on the other hand, couldn't give a damn where a bunch of unelected embarrassments bank.

I wouldn't worry.

I doubt they'll be moving to Barclays ..... particularly given the egotistical nature of some of their purported managers.

peachyprice

Hmm my experience of Coutts:

The small business I work for banked with them for years and years, had a great relationship, no problems, they then decided they no longer wanted small businesses with turnovers of £0.5mil as customers and sent us packing to ShatWest.

Low and behold a few years later they realised that small businesses grew and were actually quite good clients and sent us begging letters offering all sorts of incentives to come back. Needless to say their letters went in the shredder.

456789

peachyprice wrote: »

Low and behold a few years later they realised that small businesses grew and were actually quite good clients and sent us begging letters offering all sorts of incentives to come back. Needless to say their letters went in the shredder.

Should have asked for bribes and a meeting with the queen - then shredded them

peachyprice

And one of these

Mikeyorks wrote: »

They also do an impressive private lunch if you ever get the priviledge of being invited.

Inactive

I've got a Cahoot Card, does that count?:D

Extant

Mikeyorks wrote: »

I wouldn't worry.

I doubt they'll be moving to Barclays ..... particularly given the egotistical nature of some of their purported managers.

Fine by me, we have plenty of people who actually work for their money.

And you're a little bit silly for making judgments of anybody's work ethics or mannerisms from the internet.