Payment Protection Insurance PPI Ideas
Further more I think the ability for China to keep out foreign banks has helped them greatly. This means that other services are also kept in china and regulated by the government. In britian we see the role of banks changing from just banking and expanding to banking and financial services includining investment and securities as well as asset managerment and insurance. This gives banks in the UK even greater power in the economy. They control a much wider market meaning their collapse is likely to happen meaning they will be in the media about their bad debt but the Bank of England as a lender of last resort will always bail them out.Due to the size and power they hold. This can lead to bad practises. We have seen examples of firms giving out more loans then they have deposits, these are often not on record as the investors try to recoupe the money often loosing even more. Yet again we are led back to the recent recession as an example where banks offered mortgages but on top offered house insurance as well. Payment Protection Insurance PPI A mortgage loan may be given to a consumer but the consumer is inclined to buy the insurance as they will get a greater saving but when the consumer is unable to pay back to the bank the bank would often get money from other depositors but as it all comes at the same time the banks are stuck and the Bank Of England are forced to step in. China�s �Commercial Banking Law� has been introduced so that banks remain what they are as banks and don�t diverse their services into financial services.
