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Good, bad or ugly bank? Tell us all
Evening Standard5 Mar 2009
We want you to tell us which banks are the good, the bad and the ugly when it comes to your business.
Has your firm had its lending limits cut or been refused a loan altogether? Have your rates been hiked? Has your bank done a good job during the crisis?
Tell us in our survey, run in association with First Finance, by clicking here.
Reader views (4)
Llods TSB has to take the bicuit as the worst performing Bank. I rarely recieved a response to correspondance,when I do it's to tell me that I will get an answer in 4 weeks. They charge outlandish fees (currently under investigation), the call centre sometimes has English speaking people. If I thought the other banks would be better I would have move my account ages ago.
- Bernie, Slogh UK, 19/03/2009 17:31
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I have now banked with The Coop for over 32 years and have always found them to be up front - they don't invest in unethical products and have not been caught with their trousers down in recent months-Although they pay minimum interest its great to know your money is safe because as a user you are a joint owner (well thats how it feels when you get a divi for having a bank account or spending money within their stores)
- Itza, Nr Camberly, Surrey, 10/03/2009 12:49
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There's a website you can join which is a sort of mutualised loans club: you're never committed to one borrower's entire risk, and the interest rates are reasonable. There's probably a big future in cutting out the 'middleman' of the huge bank overheads, bonuses and extravagances in this way.Borrowers would have to convince a sort of jury of small lenders that their purpose was reasonable, and their security good. This would cut out the distorting targets set to bank managers, and the propensity of all 'experts' to succumb to crazes.
What I hear of Islamic banking seems to have a built-in stability and commonsense about it too.They have an increasing presence on the high street.
- mdj e10, london, uk, 09/03/2009 14:36
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What is there to say but all banks are useless greedy institutions. We would be better off dealing with the Mafia.
- Mr. S.Port, London, 07/03/2009 22:10
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