>Double your profits
>Cut 3000 jobs
Can somebody explain this to me?
Double your profits
Sebastian Lee
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Noah Lee
replaced by online banking.
Lucas Collins
Automation, replaced by machines
Levi Gomez
How is this bad?
Nathan Ross
Fuck Lloyds I'm going to Santander
Julian Cruz
Profit is revenue - cost
Cutting jobs reduces cost
Nathan Jenkins
Protip : employers don't have a duty to give you a job
You aren't entitled to anything in life, your job can be terminated at any time, deal with it.
Matthew Wood
Ian Campbell
I can't speak to Bongistan, but I loathe banks here in the US. I cut ties about a year ago, and went with Bluebird. Not a single god damned fee since.
Thomas Young
neo-liberalism
Benjamin Martin
>Cut 3000 jobs
>Double your profits
that´s how it works
can´t blame a company for beeing antisocial by becomeing more productive
a company is not your wellfarestate
they have to go for profit or they wouldn´t exist at all
anyone who claims otherwise is a communist
Henry White
Not always the case. Sometimes, businesses get exploitative. The solution to this is to take your business elsewhere.
Joseph Mitchell
search for: The best way to rob a bank is to own one.
Banks have the licence to print money.
Michael Torres
Cutting 3000 jobs = doubling your profit. Duh you dumb socialists.
Luke Baker
The impression I get from the article is that they have just reported double profits and are going to axe the jobs anyway.
Jayden Ward
iirc in their official statement they said it was because of the uncertainty in the economy.
Anthony Bennett
Based Bankers shit on everyone, even their own staff. Keep up the good work, and the Middle Class is toast!
Jackson Price
The beeb have put a bit of a spin on the article to give it their usual "clickbaitey but not the the point where people start questioning why the have to give us £130 a year to have a tv even if they don't watch our channel" flavour.
Whilst it's true that they made a much higher profit - that is, they had more money left over once they'd paid all the bills - this year, £2.5bn as opposed to £1.2bn last year, they didn't actually generate any new income. In fact, their total income for this year is less that the last. The difference is because they paid out more than £1.5bn in PPI claims in the tax year 2014-2015, but only a fraction of that in 2015-2016.
Imagine last month you ran a bloke over in your car and had to pay him compensation, so you had nothing to put in your ISA at the end of the month. This month you didn't crash, so you had £500 to put in there. To the mind of a BBC reporter, that means you just got a £500 a month pay rise.
The reason they're closing branches is that high street banks just aren't very useful anymore.As an example, I run a property maintenance company. Fifteen years ago I'd go to the bank at least twice a week without fail, to pay in cheques, draw out cash, pay my household bills, that kind of thing. These days everything is online or payment cards, and I don't think I've been in to the bank at all this year. I no longer accept cash or cheques as payment as it's too expensive. It takes an hour to go there and back, and I can't charge a customer for that hour, so that's £32.50 I didn't earn. Uses £10 of diesel to drive my truck in to town and back. It costs £3 to park for an hour. Also, every non electronic payment you make in to a business account incurs a charge, so each cheque I pay in costs me £3.20+VAT. If I pay in a cheque for £50, I only end up £2.50 better off than when I stared. Using a mobile card reader incurs a charge of £2.75 + 4% of the transaction value, so the same £50 payment nets me £45.25.
Jordan Johnson
How can you not accept cash as payment?
Cooper Davis
Banks here don't generally screw you too hard if you stay within your overdraft limit or better yet don't go into it at all. If you exceed your limit then you'll get bummed hard but that's about it. There's none of that bullshit "$100 minimum balance or we'll charge you $50 a day" thing you lot have. We don't use cheques very often so the fees for those (returned, stopped etc.) are pretty much never applied. Credit unions here are just for loans and savings; I don't know of any offering current (checking) accounts.
I've never paid a fee on my bank account apart from currency conversion.
Zachary Miller
TSB is the patrician's bank