Great 'Work in a bank? What should we know' Hunt

noah271007

What gets me angry is that no one if any, is made to be accountable for the bank industry failures!! Some are still getting bonuses!! Barclays will be hit very badly, mark my words. I think it is about time Barclays clean up their act, and focus on survival. NO company is TOO big to survive but with taxpayer funds they are secure. Unfortunately for small businesses it is too late - and some will blame Barclays for pulling out/refusal to help/high rate of interest for credit availability.

harryhound

The interesting difference about Barclays is that they have been re-financed by the Arabs at an eye watering rate of interest plus options to convert the loans into shares, when (and if) times get better.
Perhaps they cannot afford to refinance Mr struggling local business man.
My dad used to live on his overdrafts as a self employed person but he always made sure he kept two bank accounts on the go.
(Perhaps so that any one bank could not close him down at a moments notice and perhaps that was a long time ago when "kite flying" was still an easier option.)
Kite Flying was an early form of stoozing, where the overdraft kept moving between multiple bank accounts. It made the small business man look like he had a big turnover and by the time the primitive computers had identified an overdraft, it had disappeared again.

RobertoMoir

Inactive wrote: »

Well I just hope that none of the ex- Barclays Staff apply, they seem to have a degree in arrogance, if the samples on here are anything to go by.;)

Wonder if it came from the same uni as your masters in trolling. It's very impressive technique you have there.

Paul_Herring

Twister84 wrote: »

Sweet. Does it show on your account the same day?

I'm inclined to think it shows the same minute. It's certainly posted and visible in online banking 15 minutes later (the time it takes me to walk back to work.)

Extant

harryhound wrote: »

The interesting difference about Barclays is that they have been re-financed by the Arabs at an eye watering rate of interest plus options to convert the loans into shares, when (and if) times get better.

Do I detect some closet racism? Why exactly does it matter to you or anyone whether the finance comes from Arabic companies and person or from HMG?

And to correct you, the amount repaid in our deal is comparable to what we would lose to HMG. Do you think our shareholders would have voted for it otherwise? :rolleyes:

Also consider the hold up nature of this forced recapitalization - which wasn't even needed, might I add - the FSA, one part of the government, tells us we need more money to make it happy - lots more money. It does so at a time when the credit markets are difficult at best. Then, another part of the government comes along with the offer of finance in return for a massive stake in the company.

Do you not see what might be slightly wrong with that?

Perhaps they cannot afford to refinance Mr struggling local business man.

Nov 11 2008 - In spite of difficult market conditions Barclays has increased its lending and overdrafts to small businesses by 5.3.%, from £9.6 billion September 2007 to £10.1 billion September 2008.
http://www.newsroom.barclays.com/Content/Detail.asp?ReleaseID=1467&NewsAreaID=2

Dec 15 2008 - Barclays commits to making at least a further £1.5 billion available to SMEs in 2009, bringing its total commitment to some £16.5 billion by the end of 2009.
http://www.newsroom.barclays.com/Content/Detail.asp?ReleaseID=1467&NewsAreaID=2

Do you write for the Daily Mail or something? At least do SOME research first.

chambta

noah271007 wrote: »

What gets me angry is that no one if any, is made to be accountable for the bank industry failures!! Some are still getting bonuses!! Barclays will be hit very badly, mark my words. I think it is about time Barclays clean up their act, and focus on survival. NO company is TOO big to survive but with taxpayer funds they are secure. Unfortunately for small businesses it is too late - and some will blame Barclays for pulling out/refusal to help/high rate of interest for credit availability.

I'm getting a very nice one next month. Very hard earned too.

StAnToN_2

chambta wrote: »

I'm getting a very nice one next month. Very hard earned too.

Might I add, I am quite impressed with my bonus which will be rolling in next week

Surely hard work should be recognised regardless of these 'turbulent market conditions'.

chambta

StAnToN wrote: »

Might I add, I am quite impressed with my bonus which will be rolling in next week

Surely hard work should be recognised regardless of these 'turbulent market conditions'.

People still want and need loans/mortgages etc.

My employers have the small matter of a debt to the government to repay and will want to do it sooner rather than later!

Inactive

BarclaysManager wrote: »

Do you write for the Daily Mail or something? At least do SOME research first.

Don't need to look too far;

http://www.ft.com/cms/s/0/3d9ce3d8-e2a7-11dd-b1dd-0000779fd2ac.html

http://markets.ft.com/tearsheets/performance.asp?s=uk:BARC

Quote from Guardian;

" Shares in Barclays took a sudden plunge in late trading today, ending the day down 25% amid renewed fears of a crisis in the banking system.

Barclays shares fell to their lowest level since 1993 – down 32.4p to just 98p - and dragged other shares in the beleaguered banking sector down. "

Extant

chambta wrote: »

People still want and need loans/mortgages etc.

Exactly. This is not the end of the world, despite what the internet would have you believe.

More importantly, it is not retail banking staff who are to blame for any of this - not even remotely. There is no justifiable reason to punish retail staff, many of whom work incredibly hard for much lower recompense than they might receive elsewhere.

But, still, I suppose they are the face of the bank, so they're the ones who naturally catch the brunt of the anger. I know that I work with people who have never worked in a branch and had to deal with this, and I think they're poorer for it.