Your Questions About Uk Banks Ranking

Mary asks…

UK University Ranking (Postgrad level)?

Could anyone recommend a few top postgraduate finance programs? Academic excellence is great, but I’d look more into job prospects. For example, which ones are most heavily targeted by i-banks. Thanks in advance for all your input! Appreciate it.

Pip answers:

LBS, LSE, Birkbeck, Judge.

Maria asks…

If a UK bank goes bust, in what order are creditors paid out?

Who/what institutions are given priority? How is this decided? Are bondholders given priority, and where do retail depositors rank?

Pip answers:

Govenrment is given thier share of taxes first

Nancy asks…

Which of the following e-finance companies (banks & credit) would you open an account with?

Please rank them from your best to worse and provide your ranking criteria. The companies are all in UK but anyone from any country is welcome to answer the question.
Am interested to know what people like or dislike about these companies from their experience or hearsay.

They are: Smile, Abbey, MBNA Europe, egg, Intelligent Finance, Nationwide, RBS.

Pip answers:

I would put Nationwide first for the reason that I have supported the co-operative and mutual movements for nearly 50 years and I think that the privatisation of the mutual financial services sector in the UK and the USA was nothing less than outright theft by “friends of the party in power”. Reserves accumulated over more than a century by thrifty savers of the working classes at a time when the High Street banks wouldn’t have truck with them were paid out, a piddling amount to carpetbaggers and the bulk as bonuses to senior management. Nationwide, a few smaller building societies and a the credit union movement (mostly in the USA) alone have stood against this trend. (Of course the Equitable Life and similar privatisations were due to management arrogance and incompetence, but that’s another story.)

Another thing about Nationwide is that they, virtually alone among major credit and debit card issuers, have zero loading on overseas cash point use. (OK, VISA charge a commission. But most banks and card issuers load onto that up to 2-1/2%. I remember that years ago Amex advertised that they only charged 1/2% premium. Today Amex (I think) charges 2% loading. Nationwide is 0%. (Of course Amex gives you (if you have the right deal) a 1% cash back or 1% in points; so the penalty is half of what it seems.)

OK. For the rest: Internet banking is handy, and the answer will depend on whether you are saving or borrowing. I think that loyalty to a financial services provider opens you up to overcharging and worse. I read (I think in the Guardian many years ago) that if one is in business and growing, or even just a private customer and getting richer, one ought to change banks every five years because banks remember you as you were, and take advantage of your slothfulness. As it happens, we have to refinance our mortgage and we have a project in mind for which we want to release capital from our house. We are switching lenders. Neither is in your list.

I think I would not do busines with MNBA Europe or America, because of their poor reputation with respect to credit cards, and their stupidly lending people “into bankruptcy”.

Egg: well, they started out OK (but like many financial services outfits have been sold so who knows who runs them now; I’m too lazy to research it). I do know they cut the cash-back bonus on credit cards from 1% to 1/2%.

I have nothing against Abbey. The others I simply don’t know. ING, not listed, is a good online savings outfit and does business in a lot of countries which is good if you work in multiple currencies; but I think Nationwide matches them and if you work only in ££ they are good enough.

Sorry, I’ve been called to dinner . . .

Lizzie asks…

Study UK faqs/Faq/Frequently asked questions/common questions about study UK: Can High Profile SGC?

the leading study abroad consultants at 504,Vikram Tower,Opposite Axis Bank,Sapna Sangeeta Road,Indore(Ph:0731 4092953) help with these queries?
Why Study in UK? What are the benefits of studying in UK?
What are the eligibility criteria for Bachelors studies in UK?
How does the UK Education System work?
What are the eligibility criteria for Masters Studies in UK?
What is the procedure to get a Student Visa for UK?
) What is the minimum IETS or TOEFL score required to get into a UK Institution?
How are universities ranked in UK?
What all points should I consider while applying to any university in UK?
I want to study MBA in a reputed B- School in UK. I am a fresher, should I apply for higher studies in UK or gain some work experience first? How will it help in studying there? Please suggest
How can I prepare strategically for GMAT or pursuing MBA in UK?
I want to know about all the popular courses in UK among international students. Could please list them out so that I can decide the same for myself and apply accordingly?
What scores on IELTS or TOEFL are required to get admission into a decent university in UK?
What kind of financial support can I expect from universities in UK? Will they help me in getting funds for my studies or I have to arrange everything on my own?
What is the scenario of getting part-time jobs while studying in UK?
What is the average cost to study in UK?
,the leading study abroad consultants at 504,Vikram Tower,Sapna Sangeeta Road,Indore(PH:0731 4092953) help?
What kind of Scholarships are offered by UK universities and what are their eligibility requirements?
How can I get UK Student Visa and what documents do I require for the same?
Could you please elaborate on the application procedure for UG and PG courses in UK?
Do UK universities provide a Co-op or work permit options like US or Canada for international students who want to work after completing their studies?

Pip answers:

Main advantages of UK education are:
Quality of education,1 year Masters degree, reasonable fees(6000-10000 GBP),scholarships offered by universities,international exposure, simpler visa procedure,availability of bank loan,2 years post study work or work permit.To have detailed information on all these matters, you may visit he study abroad consultants mentioned by you.

Sharon asks…

UK: It seems that our government is prepared to run rough shod over it’s own laws and regulations?

For instance, during the takeover of HBOS by Lloyd’s Bank it bypassed any of its own regulations associated with monopolies and mergers and the competition commission.

Given the speed of the deal with Santander over Bradford and Bingley the government must have again ignored the rules and regulations previously set down.

If this is the case why can’t the government make ‘executive’ decisions with regard to excessive salaries and bonus payments made by the iffinancial institutions within the UK that are seen to be responsible for the current crisis.
It is already publicly acknowledged that Bradford and Bingley were running a risky business model with many mortgages being given on buy-to-let properties. With the takeover of Bradford and Bingley it is inevitable that a number of higher ranking executives and directors within the failed Bradford and Bingley bank will be made redundant.

As they are directly responsible for approving and running this high risk business model it would seem inequitable that they should leave the company with gold plated pensions and/or benefits.

Isn’t this a golden opportunity for our government to show true regulation and ensure that these directors are never able to work in the financial sector again?

Pip answers:

I agree about their rewards.
As for the rules I think all countries have suspended them. 7 countries had to prop up or nationalise a major bank yesterday including Germany, Holland, Belgium, Luxembourg, Iceland and the USA.

But yes the big ‘BANKERS’ ought to be arrested and charged with financial negligence(or something like it) and loose their wealth and spend the next 3 years doing community service.

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