Alistair ready to deal with re-nationalised banks....

Discussion in 'The NAAFI Bar' started by dhgrainger1, Oct 13, 2008.

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  1. DOES ALISTAIR DARLING HAVE WHAT IT TAKES TO RUN SEVENTEEN BANKS AT ONCE?

    CHANCELLOR Alistair Darling was said to be nervous and excited last night after being told he would have to run 17 banks at the same time. Mr Darling, who has no previous experience of running a bank, has opened a new Word file on his computer and has already typed some headings in block capitals.

    The chancellor said: "Barclays - now that's quite a big one isn't it? Right, so that'll probably need all of Monday. "Nationwide I can do Tuesday mornings. I'll split Wednesday between Lloyds and Abbey. HBOS is fucked so that'll need all day Thursday, and I can do the rest on Friday. Should be finished by half-four." He added: "Worst comes to worst, I can always take RBS home with me and fiddle about with it in the garage."

    City analyst Julian Cook said: "I believe British banking is about to enter an exciting new era of dreadful speeches, lost CDs and changing its mind every 20 minutes."

    Meanwhile, as the FTSE 100 continued to fall despite the £500bn pound cash injection, stockbrokers finally admitted they have not been completely honest with us. Martin Bishop, a senior trader at Madeley-Finnegan, said: "Yeah, okay, basically what happened was last Christmas we all got shitfaced and ended up throwing £800 trillion into a volcano. "It was all Fred Goodwin's idea. He's mental."
     
  2. If Tony can bring peace to the Middle East why shouldn't Alastair do a top job with the banks ?
     
  3. Yeah you're right...if Tony ever brings peace to the middle east, then Alistair might be ok handling the banks.
     
  4. Im looking for a new job at the moment ill take on Barclays for them might be one way of mag to griding the overdraft.
     
  5. The good thing is that it should be easy as it's only a temping job :roll:
     
  6. And now we is bailing out Iceland - http://news.bbc.co.uk/1/hi/business/7664007.stm

    A £100m loan is being given by the Bank of England to the UK arm of the collapsed Icelandic bank Landsbanki to help repay the bank's UK creditors.

    Savers with Icesave, the bank's internet operation, and any of its other UK depositors will benefit.

    "This loan will help ensure an orderly wind-down of Landsbanki which will maximise the return to UK creditors," said the Treasury.

    Icesave closed last week, leaving its 300,000 UK savers without their cash.

    The loan was announced in the Commons by Chancellor Alistair Darling on Monday afternoon.

    Precisely how money will be channelled to those who need it is yet to be made clear, and the Financial Services Compensation Scheme (FSCS) is still drawing up a plan on how savers will be compensated for their lost savings.

    Earlier in the day, the chancellor said that a plan to assist business customers and savers with Landsbanki was close to being finalised.

    He threatened to raise money from the bank's assets in the UK which the government has seized to help those whose accounts have been frozen for a week.

    The UK Treasury said all UK savers' money was protected, even though the £100m loan would not cover the entire amount needed to compensate savers.

    The issue caused a diplomatic row between the two countries' governments.

    Compensation

    Icesave customers in the UK are set to receive compensation for their lost savings, but part of this should come from the Icelandic authorities because the bank is not registered in the UK.

    The first 20,000 euros of compensation should be provided by the Icelandic compensation scheme, with the rest coming from the UK's Financial Services Compensation Scheme.

    But there has been some debate about how the Icelandic scheme will come up with this money, and how much business customers, charities or local authorities that saved with Landsbanki will get.

    "Our authorities have set up an arrangement, agreed in principle, for an accelerated payout to depositors," Mr Darling told the Commons.

    "We are also working with the Icelandic authorities to facilitate claims by UK charities and local authorities on their deposits held at these Icelandic banks."

    The announcement came after the chancellor met the Icelandic finance minister in Washington on Sunday afternoon and pressed him for a swift resolution of the situation.

    Initially, any rescue in Iceland was expected to concentrate on domestic customers first, prompting a strong reaction from the UK government, which seized the Landsbanki assets in the UK.
     
  7. they shouldnt get a f*cking penny, if they want to take a chance with an off shore company then b*llocks to them...tuff f*cking titty!!! and before anyone says anything, the uk arm of this bank was still registered as an offshore company.