Community

I do not understand the appointment of a professional salesman, with little or no banking knowledge or application software knowledge, as CEO of one of the world's largest banking application software vendors. 

Variable Amount Direct Debits (VADD) have been around for 40 years or more and work perfectly.

Half of the world's population may be 'eligible' to vote, but probably half of those have very little choice - Russia being an excellent example where the opposition leader has been murdered by the incumbant leader. Several other countries with elections are also  not given much choice on the ballot paper. Not a very good opening paragraph.

I would love to know how anyone can get to a projection of £30.5 billion. It is pie-in-the-sky.

Having banked with HSBC for 16 years they closed our account during lockdown because it was not being used - we were unable to trade during lockdown. We were given no reason and choice, despite the company having £7000 in the account. My wife and I will never do business with HSBC ever again, and we tell everyone we know of their actions.

It has taken more than 100 years for someone to come up with a replacement to the piston engine for motor vehicles and it will take 20 years or more to complete the coversion (if ever). COBOL may be very old, as is Assembler, but it still works, Banks need certainty and any replacement has to be capable of delivery.

Someone needs to service remote towns and villages in the UK where a branch banking service is needed - contrary to popular belief cash is still widely used outside of major cities. Nationwide has chosen to be the organisation of choice and, as the world's largest mutual 'bank' it can afford to do so. It does not have shareholders demanding ever increasing profits. It is also noteworthy that it has one of the highest coustomer satisfaction ratings.

Europe has less than 10% of the world population (and the UK has less than 1% of the world population). Until China, India, the United States, Indonesia, Bangladesh & Pakistan (50% of the world population) agree to reduce their polution emmisions, Europe is urinating in the wind.

There is no mention of free-to-use ATMs at supermarkets. I have banked with Nationwide for 20 years and make my cash withdrawals at my local Sainsburys. For all of the comments about Nationwide having the largest branch network, they have closed my nearest branch and closed another one that was in a local shopping centre. The nearest Nationwide ATM is several miles from my home, but Sainsburys is less than a mile away.

Unfortunately a large amount of the manufacturing supply chain comes from China, who has no incentive to comply with ESG and, quite obviously, does not comply.