MoneyTalk

 

Are Our Banks Safe Yet?

14 March 2011
In this week’s episode:

David chats with Angela Knight, the chief executive of the British Bankers' Association. They look at the impact of the coalition Government's austerity measures on banks, responsible lending and bonuses. And they review the outlook for dividends and the effect of base rates on margins and bad debts. A transcript of this podcast is also available.

Angela Knight and David Kuo
Angela Knight and David Kuo

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Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

camulodunum 14 Mar 2011 , 1:55pm

I draw the line at Angela Knight! Even a snippet of her on Wake Up to Money ruins my day. Not this time - sorry.

UncleEbenezer 14 Mar 2011 , 7:22pm

Heh heh. Is that why the picture doesn't show David's arm round her as with other guests?

TMFDragon 15 Mar 2011 , 8:05am

I have never underestimated the tough job that Angela Knight has in coordinating the views and wishes of bankers. It must be harder than herding cats.

Fingered 15 Mar 2011 , 11:48am

What a waste of a lovely breakfast....... still queasy, think I'll give lunch a miss too.

Fingered 15 Mar 2011 , 11:55am

Mr Kuo, if ever you do one like this with Fred The Shred......here's a tip: Don't call him a banker .....or he'll sue you a** * to oblivion.

ninoson 16 Mar 2011 , 1:33am

David ...what a gutless performance (did she buy you lunch?)

You allowed this corporate apologist for an industry who has landed us in the one of the bigges tfinancial crises ever to get off the hook scott free.

Important questions about the ethics of banks being to big to big to fail were not even properly broached. Let alone the fact that you gave Ms Knight a free run by allowing her to argue pretty much unopposed that banks should not be forced to split between the investment and retail sides. What a gutless kop out! Call yourself a journalist!

For what it's worth I own shares in banks but even I believe that in light of the current financial crisis, banks need to be accountable for the damage they have caused.

Ms Knight, whose whining, patronising voice I have had the displeasure of hearing on numerous occassions over the years, is nothing more than a highly paid spin doctor who sold her soul many years ago. In my book she has always talked utter tripe. Unfortunately David you gave her the opportunity to talk tripe for a full 20 minutes or so unopposed.

Raise your game David. Raise your game!

TMFDragon 16 Mar 2011 , 8:30am

Hi ninoson

Lunch for me is usually leftovers from the night before. One of my mantras in life is: “Tonight’s leftovers can save you the cost of lunch tomorrow”. Therefore, in answer to your question, Angela did not buy me lunch!

I can understand the anger you feel about banks. But how do you propose to make banks accountable for the damage they have caused? By exacting revenge on bankers? That might make all of us feel better, but how does it make banks safer for the future?

Banks have been reckless; they have been negligent and they have also been irresponsible. However, the question now is whether they are safe. I can only assume from your comments that you still have doubts as to whether the measures that have been introduced are enough to prevent another banking crisis.

Best

David

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About the show

MoneyTalk is a podcast from The Motley Fool (UK). Hosted by David Kuo, it’s a lively roundtable discussion where Fool writers and guests from the world of money thrash out the financial issues of the day.

Join us as we take an irreverent look at anything and everything to do with shares – from how to pick your first share to how to manage your own pension to what mini skirts have to do with Britain's economy (quite a lot, according to David).

From quick tips on how to tidy up a wayward portfolio to in depth discussions with industry experts, MoneyTalk tackles a different topic every week.

The MoneyTalk RSS feed has details of our last 100 shows.

About the presenter

David Kuo is The Motley Fool’s media personality. He can be heard on BBC London’s (94.9FM) Breakfast Show where he arouses listeners every weekday morning with his unique brand of financial news. He is also a regular commentator on national news programmes including CNBC, BBC News, and Sky News.

David stumbled into the world of broadcasting at the turn of the Millennium when he was invited to comment on the stock market crash. He says, “I think I stunned Londoners speechless when I said the good thing about the crash is that shares are now more affordable for people who want to invest in the stock market!”

His attitude to investing has never wavered, as he always sees downturns in the market as a buying opportunity for long-term investors.