Archive for the ‘Banking’ Category

I just had to post this as it just made me laugh so much when I got home from work!

The letter below arrived in the post this evening from my previous employer Abbey, part of the Santander Group.

Abbey Employee Letter

1. The letter is written to me to confirm my resignation – I know I don’t work for you guys anymore and haven’t since the end of November 2008!

2. It confirms my last day will be the 28 November 2008 – I know I went out with all my colleagues that night for drinks! Its over 8 months ago!

3. The letter is even dated the 13 August 2009! So a big thank you to Anne Saunders HR Services Manager for taking such good care of me!

I am gonna write them an equally if not slightly more efficient letter back but in the meantime I just hope they are more efficient at looking after their customers and all their money as I hope they couldn’t possibly get any worse with there staff – and you wonder why I decided to leave!

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Manannan's cloak

Image by Tasa_M via Flick

Following on from my previous post it now seems that the Isle of Man Depositor’s Compensation Scheme has been revised.

It all seems a bit late in the day when you consider that Kaupthing Singer and Friedlander International has collapsed today and is now in the hands of the liquidators!!! I really feel it for everyone who had savings with the bank it must be absolutley gutting. A recent report by Isle of Man online has posts from concerned cusotmers and also those that have lost money it doesn’t make pleasant reading! A mist has desended on the island!

At this stage I feel that the Isle of Man government reacted to late and this has now left the Isle of Man as International Finance jurisdiction in a very vulnerable place at a time when the media are feeding on the global panic. As the story plays out I am sure to post again.

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card castle made from 3 1/2 de...

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The credit crunch and the current economic outlook has meant it has been a very unsettling time for savers all around the world and in the offshore jurisdictions including the Isle of Man. The recent bailout by the UK Goverment of Bradford & Bingley as well as continued rescue plans by European governments has begged the million dollar question by savers, ‘is my money safe?’ (more…)

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