UK banks have come in for their fair share of criticism in recent years. People have been angered by the huge bonuses the top dogs have received since the banks were bailed out by the taxpayer.
Clearly, one thing the Internet has enabled us all to do is to compare products. From spaghetti sauces to ski resorts, we’ve come to rely on star ratings, features tables and user reviews to work out winners from the crowd of contenders.
Banks are at long last coming round to the idea that the Internet is not just a place to share jokes, but a way to do money as well.
Thought the days of fat cat bonuses were over? Think again.
Two of the country’s biggest banks, RBS and Lloyds Banking Group – both currently owned by the state – have made themselves a fresh priority: “win more current accounts”.
So now it is official. As if we needed any more proof, the banks have withdrawn their court challenge over mis-selling of payment protection insurance (PPI) and have been confirmed again as greedy bankers with their snouts in the trough. Every man and his dog has been bullied, misled and cajoled into buying expensive PPI policies that very rarely pay out.
