Apparently, what has been decided is that the Office of Fair Trading cannot decide if such charges are lawfull or not. There are still legal avenues that can be explored that could result in the banks being told that their charges are unlawfull, so there is still hope that all unreasonable charges will be repaid.
Tonkatojo, on last night's Question Time it was stated that the British banking system was around twice as profitable as the European banking systems and that the issue of free banking was a red herring as in Europe, they manage to provide free banking while only being half as profitable as the UK banks.
Again, it is down to the greed of these institutions.
Well that will be a first if someone answered a question on "question time" they usually hedge around and blame the others.
Our banks for the time being are nowt to do with the EU, thank god.
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