Bank Charges Relating To Stability Of Banks

[BetfairFTSE]

Dear All.

I am a novice of Trading and all things like and i am wondering because in the next few weeks there is supposed to be a ruling over the unfair charges relating to penalising Bank account holders for going over there agreed borrowing amount. Will this have a severe impact on the majority of banks especially with all the turmoil in that sector at the moment and could it cause much more unstability.

Many Thanks

 

[anley]

In a word no. If the banks lose and have to refund a fair proportion they'll just generate the cash from other areas, like adding more fees and charges to other products they sell.

The banks rarely lose overall when it comes to the consumer. Different story with their other investments

 

[BetfairFTSE]

Cheers Mate for that