Banks Under scrutiny
The saga prompted the Treasury Committee to seek reassurances from six major banks – NatWest, Lloyds, HSBC, Barclays, Metro Bank and Santander – that they were committed to serving small businesses as the country emerged from lockdowns. In their replies, a number of banks said they had seen a rise in complaints, but against a background of rising demand and their own staffing pressures owing to Covid. “It is clear that delivering on bounce back loans at short notice rapidly increased the demand for business bank accounts at the same time as banks faced considerable additional work in delivering this extra support,” said Mr Stride. “It is good to hear from these banks that the availability of business bank accounts is now returning to pre-pandemic levels.” He said the committee would “keep a close eye” on the issue and on the commitment from banks to support small businesses as the UK started to move out of the pandemic. Nick Note: UK banks got in BIG trouble when they got the double whammy. The pandemic lock down closed their offices and sent our big banker ASSHOLE buddies home. Well guess what they had no way of getting their people to work at home. they lacked the computer skills, communication systems… Shit their staff could not even access their antiquated computer systems. Never mind fact they could not get on line they could not send nor answer emails never mind the phone. they could not connect calls from their main switch board to their staff at home. Their systems were crashing.. and then they lost their swift accounts and access to Europe as they were punished for leaving the EU without a deal on financial institutions. It was a shit house mes. So what was big high street banker solution. Why freeze accounts, close accounts that did business outside England especially in the EU. Worse yet they then systematically closed accounts and to make matters worse they all conspired to not open new business accounts. This scandal is slowly starting to come out. Because guess what? They are still not fully operational and are in complete disarray…… Because worse is coming……. Right now its a reopening stimulus party… But goveremnt cannot keep pumping money for ever. And the massive loans and stimulus they received and are processing will come to a end and they we will find out when the sheets are pulled of the bed who is fucking who….