Of course when they becopme personal loans they fall into tighter regilation and the Banks cant get away with forced bankrupting companies and trouser debt insurance, pref creditor status and bonus of extra £300 - £1m rip of from guarantor and family.
@jameshurley@fsb_policy If the Govt/FCA dont want to regulate business lending which this forms part of then the answer is simple - any business loans that involve PG's are in fact personal loans. If they involve charge over assets/debtors/property of the company then they can be businss loans -simples!
First we had Brenda from Bristol talking sense, now we have Brenda from London doing same (Lady Hale) - anyone out there called Brenda please feel free to comment as sense in UK left on Thomas Cook Flight months ago!
How is it that an 'opinion' by Scottish Judges can rule Govt shutdown as unlawful yet try & take a bank to court and always the bar so high to prove fraud/misrepresentation that always Bank wins? No duty of care needed either. This country is a joke!
There is only one word to describe the FCA view on SME's - Contempt. Contempt that they are not you and Contempt for public opinion. Added to that there is no higher authority but they are powerless to act! Only in the UK could you have this farce!
Mr Eisman is shorting bank stocks - Asked in 2016 whether regulation had gone too far after the bank crisis, he said: “The banking industry should just shut up on this topic. You lived in a bad neighbourhood. You didn’t police yourselves. You frickin’ blew up planet earth.”
@efgbricklayer Could this possibly have anything to do with Bonus's being part paid in shares - or am I just being - oh whats the word - I know CORRECT!
@SMEAllianceLtd @RBS @ICOnews Personally I have no idea what I received - it was 228 pages long and everyone was blacked out! So I made up my own translation and RBS have admitted in writing that they are a bunch of lying fraudsters - Result! - now to court for Compo!!
@siobhankennedy4@efgbricklayer I think everyone will feel completely let down as it is clear there is no one on the side of justice, no moral compass operating and the system is so stacked against the 'small guy' whichever way you turn. Giving up though is not an option - they have picked on the wrong guys!
@efgbricklayer @RBS @TheFCA A riddle for you Clive....!
What Lives in Scotland
Only comes in black & white but not a Ford
Works on principle of 'what you can't see can't lie'
Is 234 pages long but not a good read
Not written by John Grisham
Only available by special order in 8 weeks
Yes A DSAR from RBS!!!!
@jameshurley Oh well RBS can walk on water methinks - time to sharpen up the pitchforks and light the torches I think! Should be alright as Police wont attend anyway & follow up with call from victim support! Vive La revolution n'est Pas?
We need to start an #RBSBackToTheFacts hashtag for people to tweet facts about RBS — in response to the repeated misrepresentations and the pleas made here by the bank's CEO Ross McEwan. Please RT https://t.co/QxM3hnqRwe
@lawrencelnt@siobhankennedy4 Lawrence lets hope so and bring some end to this farce of RBS - I salute your efforts in bringing this to light of day so many years ago and always nod in appreciation towards Ginetta building when I pass most days between Harrogate and Leeds - Double salutes I think now!
@rbs Remember History -'Will no one rid us of this troublesome bank' ... & Chief Exec, & Chairman, & Sachs, Sullivan, Bostock, Hourican, Hester, Hampton, Bailey, Osborne and Thompson (he was hated & reviled GRG manager Manchester who I wish to see in the dock)