This is some text prior to the author information. You can change this text from the admin section of WP-Gravatar To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box. Read more from this authorGetting money from banks and lenders is hard enough right now, never mind getting your own money back that was taken through unfair charges. But there are thousands of banking consumers across the UK currently making PPI claims because they feel they’ve been shafted by financial istitutions.
And as if the fact that you’ve made PPI payments without wanting or knowing about it wasn’t enough, the banks are now back to their old ways of paying out massive bonuses. Take Goldman Sachs for example, during the recent quarter, they dedicated 49% of revenue to paying staff, amounting to $226,000 for each of the 29,200 staff. If the bank continues to prosper for the rest of the year, employees could end up with average yearly pay of more than $900,000.
This crazy bonus and wage boosting structure can only bring us full circle back to where we were back in autumn ’07, at the start of the credit crunch and ultimately – a recession. Have a read of this article in the Evening Standard that discusses the problems with the current banking system and shines a spotlight on some real alternatives to the way the UK does it’s banking business.
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