Author Topic: NHBC rumours!! bank close to collapse, shared from facebook  (Read 5400 times)

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Offline kevin3

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #10 on: January 27, 2014, 21:51:32 PM »
Theres mortar it than meets the eye, an' that's on the level.



Offline Highlander

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #11 on: January 27, 2014, 22:21:21 PM »
It was certainly worth pointing out the error  :)

Offline bewva

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #12 on: January 27, 2014, 22:34:29 PM »
I can't believe there is a ceiling on amounts you can withdraw.

Offline Highlander

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #13 on: January 27, 2014, 22:36:38 PM »
Let's hope they don't fill in the hole in the wall.

Offline stoop

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #14 on: January 27, 2014, 22:54:29 PM »
http://www.pinoymoneytalk.com/hsbc-bankrupt-bank-crash/


Seems to be a rumour based on a rule change some months back.

Offline tuzlachap

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #15 on: January 27, 2014, 23:14:25 PM »
Seems to me that this is right up Mr Arris's Street, but then again, I could be vertically challenged.  ;)  ;)

TC

Offline nichola

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #16 on: January 27, 2014, 23:16:40 PM »
Two things.

One, banks create money that does not exist at the press of a button every time they make a loan for anything whether it be for a car or mortgage etc. it is not drawn or based on any actual reserves of money that actually exists. I recommend finding the web site and Facebook page of Positive Money for more information if you want to understand better yourself of how this works and what this means and quite recently there has been quite a lot of media coverage in papers like the Guardian about this too.

Two, once you deposit your money in a bank then believe it or not then it is not yours as such anymore. I think you may find something online relating to RBS that says something to this effect. I have no doubt that banks will limit your ability to withdraw your own cash if they think it will affect them adversely. If I was at home I would find links to support all of the above.

It's what lead to the economic crisis five years ago coupled with the bad mortgages debts that in some cases have proved too complicated for even the banks to unravel and billions still unaccounted for in the States.

The situation as Welshbrickie post outlines has still not been resolved because of the failures of governments to reregulate the financial institutions and I wouldn't be at all surprised if there isn't another more serious crisis looming.

PS what has Valleyboy got to do with this I couldn't see a post by him and is NHBC a typo?




Offline Scunner

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #17 on: January 27, 2014, 23:31:00 PM »

PS what has Valleyboy got to do with this I couldn't see a post by him and is NHBC a typo?


Oops my fault, I meant welshbrickie - got the whole Wales/valleys confusion thing  :)

Offline nichola

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #18 on: January 27, 2014, 23:51:30 PM »
I thought that was probably it   :)

Also managed to read the link posted by KKOB in the other topic on this and see it is HSBC - might be worth changing to topic heading as its a bit confusing.

I think the whole article is worth reading especially from the middle onwards

http://iacknowledge.net/hsbc-bank-on-verge-of-collapse-second-major-banking-crash-imminent/

Offline stoop

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Re: NHBC rumours!! bank close to collapse, shared from facebook
« Reply #19 on: January 28, 2014, 08:44:41 AM »
A spokesman from HSBC said: ‘We may ask about the purpose of a cash withdrawal when the transaction is large, unusual and out of keeping with the normal running of a customer’s account.
‘In these instances we may also ask the customer to show us evidence of what the cash is required for. The reason for this is twofold, as a responsible bank we have an obligation to our customers to protect them, and to minimise the opportunity for financial crime.
‘Transactions involving large sums of cash have inherent security issues and leave customers with very little protection should things go wrong.
‘So it’s only correct that, when appropriate, we ask customers the right questions and explore whether an alternative payment method might be safer and more convenient for them.
‘There is no restriction on the amount a customer can to withdraw from their accounts electronically, via cheque or banker's draft.’


Read more: http://www.thisismoney.co.uk/money/experts/article-2540445/What-maximum-money-I-withdraw-HSBC.html#ixzz2rgHNN1VI
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