How can banks keep in business with zero IRs?

antrobus

cells wrote: »

#1 no....

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.

http://www.investopedia.com/terms/b/bankrate.asp

cells wrote: »

...#2 do we still have the utility that is banking or has this industry gone the way of the dodo?

It was only a "bit like a utility" five minutes ago.

Thrugelmir

michaels wrote: »

Yep - apparently banc-assurance, cross-selling payment cover to borrowers, is the next big thing. Guaranteed earner

Called PPI.

The-Joker

CLAPTON wrote: »

what banking crisis?

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

The-Joker

antrobus wrote: »

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.

http://www.investopedia.com/terms/b/bankrate.asp



It was only a "bit like a utility" five minutes ago.

Makes you wonder what all the fuss was about when base rates were 5%, the banks had nothing to moan about compared to now 0.5%