Show the bonus Bankers with our feet/money

NFH

stutakesphotos wrote: »

And this is where a few of us who are critical of the situation are keen to use such banks.

Then you taking credit risk more seriously than some banks did before the credit crunch. Good approach.

Not only that, but many bank customers (including many local authorities) didn't question why interest rates were so high from some banks, e.g. Icelandic banks. If an interest rate is higher than the competition, there'll be a reason for it.

In the same way that individuals with poor credit ratings have to pay higher APRs, banks with a higher risk of collapse have to pay higher interest rates to depositors.

stutakesphotos

yes and so such banks should be seen as ones to head to

NFH

destroyerofdebt2011 wrote: »

umm hate to point out the obvious but 20 mediocre traders using your example would bring in the same profit for that company as well as costing them no more.

No, you don't understand how it works at all. If you need to hire a USD/ZAR FX trader for example, then you only need one of them to quote USD/ZAR prices to customers and manage the bank's USD/ZAR book. So you either hire a top USD/ZAR trader or a mediocre one. You can't have 20 USD/ZAR traders all managing the same book, as 19 of them would be doing nothing most of the time and generating no profit at all.

boomish

NFH wrote: »

And those bank bosses that truly have earnt it by keeping their bank out of trouble and profitable, like Bob Diamond, gave up their bonus in recent years. I hope he keeps his well deserved bonus this year, which could be as much as £9 million.

lol I suddenly remembered your stern defence of Bob Diamond and bankers bonues's today with this thread, yes his bonus was so well earned wasn't it. His bank stole it...