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Post by Red Rackham on Jul 27, 2023 6:19:55 GMT
Yesterday NatWest share price had dropped by 3% or £600 million. Today it's dropped by 4% or £850 million. The board who supported Dame Alison Rose when she signed off debanking Farage, has to go. And let this be a wake up call to the banking industry, banks are not the arbiters of thought or morality. Banks are there to provide a service, nothing more. And I'll tell you something else, shareholders are not happy with banks going woke.
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Post by Pacifico on Jul 27, 2023 6:35:41 GMT
The Board need to be replaced as soon as possible and a new top team installed. They have lost the confidence of everyone with their handling of this and new blood is needed to give firm leadership.
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Post by Red Rackham on Jul 27, 2023 7:04:47 GMT
The Board need to be replaced as soon as possible and a new top team installed. They have lost the confidence of everyone with their handling of this and new blood is needed to give firm leadership. Absolutely, and I think that will happen. The entire board of NatWest are on their way out, and this is a wake up call for all banks. And to add to NatWest misery, they are facing an investigation into whether they broke the law. Lefties aren't laughing now. |
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Post by The Squeezed Middle on Jul 27, 2023 8:52:25 GMT
Nor are the shareholders. If I were a shareholder I'd be demanding the removal of any board member who supported that idiot Rose.
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Post by Fairsociety on Jul 27, 2023 8:54:10 GMT
you're not meaning to tell me that the bank regulators FCA or the FOS haven't got wind that something was going on.
I bet people who had their account closed down for no justifiable reason had complained to one of those regulators, and one of them should have waved red flag warning then.
If any of these people come forward and confirm they'd been in contact with the regulators then it's quite obvious the regulators also need overhauling, they clearly were failing at their jobs if they didn't see a pattern emerging and report it to the relevant department.
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Post by Einhorn on Jul 27, 2023 10:43:12 GMT
Yesterday NatWest share price had dropped by 3% or £600 million. Today it's dropped by 4% or £850 million. The board who supported Dame Alison Rose when she signed off debanking Farage, has to go. And let this be a wake up call to the banking industry, banks are not the arbiters of thought or morality. Banks are there to provide a service, nothing more. And I'll tell you something else, shareholders are not happy with banks going woke. Complete BS. Banks are there to make a profit, nothing more. They are profit-motivated machines that couldn't care less about anyone's politics. |
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Post by Pacifico on Jul 27, 2023 10:53:53 GMT
Yesterday NatWest share price had dropped by 3% or £600 million. Today it's dropped by 4% or £850 million. The board who supported Dame Alison Rose when she signed off debanking Farage, has to go. And let this be a wake up call to the banking industry, banks are not the arbiters of thought or morality. Banks are there to provide a service, nothing more. And I'll tell you something else, shareholders are not happy with banks going woke. Complete BS. Banks are there to make a profit, nothing more. They are profit-motivated machines that couldn't care less about anyone's politics. Dont be daft - there is a good boy.. |
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Post by Einhorn on Jul 27, 2023 10:59:32 GMT
Complete BS. Banks are there to make a profit, nothing more. They are profit-motivated machines that couldn't care less about anyone's politics. Dont be daft - there is a good boy.. LOL! Our resident hard-nosed cynic suddenly believes that banks are all about puppies and rainbows. You've really fallen for the manfrog, haven't you, Doc?  |
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Post by Pacifico on Jul 27, 2023 11:08:05 GMT
Dont be daft - there is a good boy.. LOL! Our resident hard-nosed cynic suddenly believes that banks are all about puppies and rainbows. You've really fallen for the manfrog, haven't you, Doc NatWest in recent months has debanked both Stuart Campbell and Professor Lesley Sawers for their 'values' not aligning with the banks - specifically their gender critical stance. If you got your head out of your arse occasionally you may have more idea of what is going on in the world. |
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Post by Einhorn on Jul 27, 2023 11:12:48 GMT
LOL! Our resident hard-nosed cynic suddenly believes that banks are all about puppies and rainbows. You've really fallen for the manfrog, haven't you, Doc NatWest in recent months has debanked both Stuart Campbell and Professor Lesley Sawers for their 'values' not aligning with the banks - specifically their gender critical stance. If you got your head out of your arse occasionally you may have more idea of what is going on in the world. Because they know which way the wind is blowing. Those are commercially-motivated decisions. If you weren't such a dewy-eyed innocent, you'd have more idea of what is going on in the world. |
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Post by dodgydave on Jul 27, 2023 11:27:44 GMT
NatWest in recent months has debanked both Stuart Campbell and Professor Lesley Sawers for their 'values' not aligning with the banks - specifically their gender critical stance. If you got your head out of your arse occasionally you may have more idea of what is going on in the world. Because they know which way the wind is blowing. Those are commercially-motivated decisions. If you weren't such a dewy-eyed innocent, you'd have more idea of what is going on in the world. No, it is a group of people within the management of the bank making really bad decisions. How does it make commercial sense to kowtow to a tiny vocal minority that want to cancel voices they don't like? Would all the lefties supporting this be happy if a bank had a sign above the door saying "No Working Class"? |
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Post by Einhorn on Jul 27, 2023 11:32:49 GMT
Because they know which way the wind is blowing. Those are commercially-motivated decisions. If you weren't such a dewy-eyed innocent, you'd have more idea of what is going on in the world. No, it is a group of people within the management of the bank making really bad decisions. How does it make commercial sense to kowtow to a tiny vocal minority that want to cancel voices they don't like? Would all the lefties supporting this be happy if a bank had a sign above the door saying "No Working Class"? Okay, it's a bad commercial decision, then. It's still a commercial decision. |
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Post by Vinny on Jul 27, 2023 11:46:02 GMT
The shares will bounce back.
If you want an investment buy low, sell high.
It'll give a better return than their savings accounts.
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Post by Baron von Lotsov on Jul 27, 2023 11:52:53 GMT
Yesterday NatWest share price had dropped by 3% or £600 million. Today it's dropped by 4% or £850 million. The board who supported Dame Alison Rose when she signed off debanking Farage, has to go. And let this be a wake up call to the banking industry, banks are not the arbiters of thought or morality. Banks are there to provide a service, nothing more. And I'll tell you something else, shareholders are not happy with banks going woke. Take a look at Google Trends on the word Coutts. There is one almighty spike in the word's usage on the web currently. All of it is negative PR but for the bit that was there before, which was a flat line.
HP was in a similar position where they hired a woman to run the firm, and shares went totally south.
Go woke = go broke.
Women are no good at running banks. When will the proles learn?
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Post by Baron von Lotsov on Jul 27, 2023 14:28:06 GMT
Because they know which way the wind is blowing. Those are commercially-motivated decisions. If you weren't such a dewy-eyed innocent, you'd have more idea of what is going on in the world. No, it is a group of people within the management of the bank making really bad decisions. How does it make commercial sense to kowtow to a tiny vocal minority that want to cancel voices they don't like? Would all the lefties supporting this be happy if a bank had a sign above the door saying "No Working Class"? First question
Answer: by being a B CORP.
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