Another bank UBS announces 3,500 employees to be made redundant.
Other banks are: Royal Bank of Scotland will cull 2,000, HSBC 30,000, Barclays 3,000 and Lloyds Banking Group 15,000.
So we have seen a huge economic downturn.
Now the banks are ripping people off and making record profits again.
RBS and Lloyds are Tax payer owned, so how can they make such numbers redundant without referring to the tax payer?
As tax payer owned, doesn't the government have some kind of say in it as well?
Anyway, the PEOPLE make the banks their money, so there must be a social responsibility to the people when thgere are still very difficult times.
What this does is:
Other banks are: Royal Bank of Scotland will cull 2,000, HSBC 30,000, Barclays 3,000 and Lloyds Banking Group 15,000.
So we have seen a huge economic downturn.
Now the banks are ripping people off and making record profits again.
RBS and Lloyds are Tax payer owned, so how can they make such numbers redundant without referring to the tax payer?
As tax payer owned, doesn't the government have some kind of say in it as well?
Anyway, the PEOPLE make the banks their money, so there must be a social responsibility to the people when thgere are still very difficult times.
What this does is:
- Make people lose their income
- Make people go into debt
- Make people lose their housing
- Make families break up
- Cause higher benefit payments
This is an absolute disgrace both of the Banks and the Government for not stamping on the banks.
The Banks promised more lending to businesses to the government as a reward for bailing out, this hasn't happened and again the government rolls over!! No matter what the banks say about lending levels even the newspapers can't find many businesses who have been able to obtain lending , even at market rates!
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