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Post by peterdev on Dec 1, 2017 9:50:31 GMT
I see another raft of closures with impending redundancies were announced this morning. I feel very sorry for all the staff involved in the run up to Christmas. Looks like machines are taking over step by step. On the one hand you have the banks encouraging the use of online banking and then on the other hand suggesting that customers don't want the face to face contact with branch staff. I am self employed and was amazed that despite my excellent credit history and being encouraged to take a loan with Lloyds, they then told me the interest rate would be around thirty per cent. Meanwhile VWFS offer me a car loan over 18 months at less than 5%. having visited Witney last week for a few days, I noticed there must be around ten banks in the High Street. I wonder now how that will change. I noticed the market in Oxford was diminished in size, due to the migration of shops to the new Westgate development. The smaller shops will be finding it hard to compete. I did see the OUFC shop, and thought to myself it wasn't the best position to have it. Overseas visitors won't be tempted in to buy. Hopefully what we are seeing is not the start of a recession caused in part by rising rents.
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Post by pooshooter on Dec 1, 2017 11:29:02 GMT
Is Oxford branch closing?
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Post by scotters on Dec 1, 2017 11:55:12 GMT
Is Oxford branch closing? Natwest in Summertown from the looks of it. www.bbc.co.uk/news/business-42192760Not directly related to this but it's a bit worrying, all the gaps that are turning up in Oxford city centre, the place looks scruffy with all the empty shops and I hope they can find something to take over. There seems to be a never-ending supply of chain restaurants so hopefully that can pick up some of the slack.
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Post by peterdev on Dec 1, 2017 11:55:33 GMT
Oxford North is. There’s a complete list on BBC site
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Post by brassmonkey on Dec 1, 2017 12:10:03 GMT
Don think I have set foot in a bank for about 5 years
Sent from my SM-G930F using proboards
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Post by Eaststandboy on Dec 1, 2017 12:30:52 GMT
If Nationwide allowed me to pay in money from a Post Office, I wouldn't have a need to go into a Nationwide branch at all.
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Post by Marked Ox on Dec 1, 2017 14:33:44 GMT
If Nationwide allowed me to pay in money from a Post Office, I wouldn't have a need to go into a Nationwide branch at all. A central branch where they share facilities would be a sensible approach but obviously won't happen.
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Post by peterdev on Dec 1, 2017 15:47:51 GMT
IT looks like a lot of village branches will close. A stab in the heart of the community.
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Post by flean on Dec 2, 2017 1:06:26 GMT
Hate to say it Peter, but Brexit ain't gonna help your cause.
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Post by flean on Dec 2, 2017 1:15:25 GMT
"I did see the OUFC shop, and thought to myself it wasn't the best position to have it. Overseas visitors won't be tempted in to buy."
Says the long term UKIP voting Brexiteer. Id laugh if it wasn't so ridiculous.
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Post by saddletramp on Dec 2, 2017 7:44:19 GMT
"I did see the OUFC shop, and thought to myself it wasn't the best position to have it. Overseas visitors won't be tempted in to buy." Says the long term UKIP voting Brexiteer. Id laugh if it wasn't so ridiculous. Yeh yeh yeh,everything is down to Brexit. Funnily enough,your great Fatherland has been shutting a THOUSAND branches EVERY year for the last 10 years. "Ten years ago, there were slightly more than 44,000 bank branches in Germany. In other words, an average of 1,000 branches have been closed each year since then" 259 branches closing in Britain,must be down to Brexit. So with your logic,10 THOUSAND branches closing in Germany,must be down to remaining. They reckon in the next 7 years Germany will lose FORTY PER CENT of its current branches. global.handelsblatt.com/finance/the-slow-death-of-retail-banking-764470"Santander, the eurozone's biggest bank by market capitalisation, plans to close 450 smaller branches and cut 1,400 jobs in Spain, about five percent of the staff in its home market" Italy ? "Intesa Sanpaolo (ISP.MI) said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca would lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff" Greece ? Do they actually still have banks in Greece ? P.S.Barclays in Grove closed 20 years ago,obviously Barclays saw Brexit coming in 1996.
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Post by flean on Dec 2, 2017 8:30:02 GMT
"I did see the OUFC shop, and thought to myself it wasn't the best position to have it. Overseas visitors won't be tempted in to buy." Says the long term UKIP voting Brexiteer. Id laugh if it wasn't so ridiculous. Yeh yeh yeh,everything is down to Brexit. Funnily enough,your great Fatherland has been shutting a THOUSAND branches EVERY year for the last 10 years. "Ten years ago, there were slightly more than 44,000 bank branches in Germany. In other words, an average of 1,000 branches have been closed each year since then" 259 branches closing in Britain,must be down to Brexit. So with your logic,10 THOUSAND branches closing in Germany,must be down to remaining. They reckon in the next 7 years Germany will lose FORTY PER CENT of its current branches. global.handelsblatt.com/finance/the-slow-death-of-retail-banking-764470"Santander, the eurozone's biggest bank by market capitalisation, plans to close 450 smaller branches and cut 1,400 jobs in Spain, about five percent of the staff in its home market" Italy ? "Intesa Sanpaolo (ISP.MI) said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca would lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff" Greece ? Do they actually still have banks in Greece ? P.S.Barclays in Grove closed 20 years ago,obviously Barclays saw Brexit coming in 1996. Read what I wrote again Saddly. Peter wants on one hand fewer 'foreign' people in the UK but on the other hand wants more 'foreign' visitors to visit the OUFC shop. It doesn't make sense. Bit like that Brexiteer living in France on the radio a few days ago.
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Post by peterdev on Dec 2, 2017 8:51:40 GMT
II think you’re losing the plot by bringing up brexit, Flean. We will always have foreign visitors and Oxford has always had far more than most. Many Japanese last week when I went. The OUFC shop if it was in the Westgate would attract more general trade. As for banks closing, saddletranp has clearly advised you that Brexit should not be regarded as the major cause for banks closing. This has been long term and is all over the world including EU. I worked at TSB in London until 1990 when large scale redundancies were announced. Barclays announced the same two years ago....before the referendum. I was at RBS in 2004 when redundancies were announced. That was nothing to do with Brexit. Soc Gen announced redundancies yesterday in France. By your logic France are involved in Frexit. Your arguments as ever, flean, always want to engage in how stupid the British were to vote for Brexit. I know you wanted UK to stay in the EU. We’re not. Get over it and stop injecting your tired Brexit arguments into an argument that has been made and won by the leave campaign. There are still issues to be resolved but please let’s move on. This was meant to be an debatecon banks not Brexit...there’s another thread on here somewhere for that
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Post by rickyotto on Dec 2, 2017 17:53:52 GMT
Yeh yeh yeh,everything is down to Brexit. Funnily enough,your great Fatherland has been shutting a THOUSAND branches EVERY year for the last 10 years. "Ten years ago, there were slightly more than 44,000 bank branches in Germany. In other words, an average of 1,000 branches have been closed each year since then" 259 branches closing in Britain,must be down to Brexit. So with your logic,10 THOUSAND branches closing in Germany,must be down to remaining. They reckon in the next 7 years Germany will lose FORTY PER CENT of its current branches. global.handelsblatt.com/finance/the-slow-death-of-retail-banking-764470"Santander, the eurozone's biggest bank by market capitalisation, plans to close 450 smaller branches and cut 1,400 jobs in Spain, about five percent of the staff in its home market" Italy ? "Intesa Sanpaolo (ISP.MI) said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca would lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff" Greece ? Do they actually still have banks in Greece ? P.S.Barclays in Grove closed 20 years ago,obviously Barclays saw Brexit coming in 1996. Read what I wrote again Saddly. Peter wants on one hand fewer 'foreign' people in the UK but on the other hand wants more 'foreign' visitors to visit the OUFC shop. It doesn't make sense. Bit like that Brexiteer living in France on the radio a few days ago. You do understand the difference between long term mass migration versus tourism I assume?
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Post by peterdev on Dec 2, 2017 18:45:32 GMT
By the way flean, I can't recall saying I wanted less immigrants. You must be confusing me with some of the racists you are thinking of. You may not have heard me say before but many of my clients are of foreign extraction, and many of them are some of the nicest people I've met.
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Post by essexyellows on Dec 2, 2017 19:57:42 GMT
Every time you use a "self service" till a bit of data is collected that means the tills with staff are reduced. Once you have "staff free" transactions.... salary into account, payments by card, mobile etc...... why do they need a pile of costly bricks?
Anyone who thinks banks are worried about "communities" needs to sniff the coffee jar.
That aside if the banks are so reliant on "the market" then why did the taxpayer bail them out? Should have left them to it ..its the markets.
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Post by peterdev on Dec 2, 2017 20:08:45 GMT
I couldn't agree more. It's similar to the likes of Morrisons and Asda who have automated check outs, with two staff to help those who can't check out....cashiers will almost certainly be relics of the past in a w years time. Applications for loans are applied to computers. Managers just come out with, computer says no......cough cough
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Post by flean on Dec 3, 2017 0:27:09 GMT
Read what I wrote again Saddly. Peter wants on one hand fewer 'foreign' people in the UK but on the other hand wants more 'foreign' visitors to visit the OUFC shop. It doesn't make sense. Bit like that Brexiteer living in France on the radio a few days ago. You do understand the difference between long term mass migration versus tourism I assume? Do you consider yourself an expat?
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Post by flean on Dec 3, 2017 0:48:38 GMT
By the way flean, I can't recall saying I wanted less immigrants. You must be confusing me with some of the racists you are thinking of. You may not have heard me say before but many of my clients are of foreign extraction, and many of them are some of the nicest people I've met. C'mon Peter. I've never called you a racist. The argument "my best mate / colleague / client blah blah blah" doesn't do you any favours, mind. I've wondered why you wonder about foreign shoppers at the OUFC shop while being a massive supporter of a movement that wants fewer foreign people in the country. As for the banks, I agree. They dont give a damn about people. Only money. Is it at all surprising to you?
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Post by rickyotto on Dec 3, 2017 1:17:49 GMT
You do understand the difference between long term mass migration versus tourism I assume? Do you consider yourself an expat? If London is a foreign country then yes I do. A shame you chose and failed to play man not ball. I guess my question will be answered by others.
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Post by peterdev on Dec 3, 2017 8:07:41 GMT
Yes flean. I supported UKIP as I wanted the UK to be an independent country. That was my single issue. I’m glad you at least agree with me on the role of the banks. And I have been an ex pat in the past....
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Post by cass63 on Dec 3, 2017 9:04:42 GMT
I’m self employed and most of my customers want to pay by card these days, I used to do the bank run every Friday afternoon with cash and cheques. I haven’t been to the bank for over a month now and I’ve only had 2 cheques in that time. Saying that, there’s always a bloody que in there.
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Post by Yellow River on Dec 3, 2017 9:52:16 GMT
Slowly but surely we’re becoming a cashless society.
Soon ‘the powers that be’ will know about every penny you earn and about every penny that you spend and where you spend it.
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Post by peterdev on Dec 3, 2017 10:05:53 GMT
Have to honest. Most of my customers play online and I encourage it. I don't want to be walking around with cash. I'm surprised that the banks can't lend like they did and so many loan companies charging over a thousand per cent interest are thriving. The government should do its utmost to stop a growing underclass going underground for loans. The housing crisis in Oxford is another issue, I'm not sure about how to alleviate it as the market forces will not rectify it. Interest rates if allowed to rise gently over five years or so to around 5%!might help. I'm sure plenty of people out there would penalise landlords and force rentals lower by law
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