(Most silliest/trivial/petty) Reasons you’ve left a bank?

Anthorn

rainbowskies wrote: »

In response to Anthorn (sorry, my phone won’t let me do the quote thing!)

Are any UK banks solely British?? I used to think that Natwest, Lloyds, Halifax and Barclays were but then, I’m sure I read on here that they weren’t! That all banks have foreign shareholders, etc.

My fault for not saying that TSB are not British and are an E.U. bank. To me an E.U. bank which turns itself into a U.K. bank but holds its assets in an E.U. country other than the U.K. is not British. I hope this clarifies my position.

A bank which has recently turned itself into a U.K. bank is triodos.

But for me it all hinges on Brexit or indeed whether there will in fact be a Brexit: If E.U. banks are going to take our financial services and our assets should we support them?

EagerPunter

Recently switched away from First Direct as they were the only bank I used that seemingly enabled fingerprint login on a phone brand basis.


I have a OnePlus and they hadn't got it working on that yet, despite Satander/Natwest/Lloyds having no trouble with it.

Anthorn

eskbanker wrote: »

It depends how you define Britishness, but if you choose to use the nationality of shareholders then no publicly-listed company can be guaranteed to be 'solely British' as anyone in any country can buy its shares!

A measure of who owns any company is the largest shareholder. In a PLC all the shareholders collectively own it but it's the largest shareholder which controls it.

"Britishness" itself tends to cast a shadow of xenophobia but nevertheless I think that in terms of Brexit it's relevant.

polymaff

Anthorn wrote: »

... but it's the largest shareholder which controls it.

I doubt that any one shareholder holds 50.1% of a any bank we work with.


Except, perhaps:


https://www.facebook.com/pages/Bank-of-Toy-Town/852306168161816

eskbanker

Anthorn wrote: »

A measure of who owns any company is the largest shareholder. In a PLC all the shareholders collectively own it but it's the largest shareholder which controls it.

A majority shareholder obviously controls a company but in the context of the heavily-fragmented ownership of a listed company, a largest shareholder with, say, 5-10% of the total can't really be said to control it, and hence the (UK) rules obliging shareholders with 30% to mount a full takeover bid (in order to achieve control).

Anthorn wrote: »

"Britishness" itself tends to cast a shadow of xenophobia but nevertheless I think that in terms of Brexit it's relevant.

It's relevant to you if you want it to be, it's entirely your choice! Obviously others can and do have different (but equally valid) opinions....

Anthorn

eskbanker wrote: »

A majority shareholder obviously controls a company but in the context of the heavily-fragmented ownership of a listed company, a largest shareholder with, say, 5-10% of the total can't really be said to control it, and hence the (UK) rules obliging shareholders with 30% to mount a full takeover bid (in order to achieve control).

It's relevant to you if you want it to be, it's entirely your choice! Obviously others can and do have different (but equally valid) opinions....

Semantics: A Majority Shareholder is one which owns 50% or more of the shares which can be referred to in lay terms as the largest shareholder. We cannot be definite without referring specifically to individual companies.

On your last point look at the title of this thread ROFL

On everything else the answer is 42

eskbanker

Anthorn wrote: »

Semantics: A Majority Shareholder is one which owns 50% or more of the shares which can be referred to in lay terms as the largest shareholder. We cannot be definite without referring specifically to individual companies.

I know you struggle with matters of simple logic but surely even you can see that a majority shareholder is obviously, by mathematical definition, the largest shareholder, but the converse isn't necessarily true, in that for companies such as listed ones (e.g. the major banks being discussed), the largest shareholders won't be majority shareholders and therefore don't control the company in the way you asserted ("it's the largest shareholder which controls it").

In other words, 'largest shareholder' isn't synonymous with 'majority shareholder' in the way you suggested, can't you understand the difference?

Mr_Majeika

Years ago I left Metro Bank because my monthly pay went into my account at 6 am in the morning.

I then moved to Halifax and my wages were always available just after midnight on pay day.

0s0

Left Natwest for £100 from nationwide!

selloptape

I’ve left quite a few banks for different reasons, a few spring to mind -

Nationwide - refused to give me a cheque book or debit card (even though I had salary and a mortgage, no other bank/BS has refused)

Barclays - kept reading news stories of unethical investments

Co-op - very pushy branch staff, grew irritated with the constant sales pressure