Poor bank

In a valiant attempt to create a new and increasingly topical oxymoron I can find no sympathy whatsoever for ‘poor’ banks like the Royal Bank of Scotland. Yes I think it’s fair that their shareholders are expected to contribute towards the lean after so much fat but when the share price instantly rises due to financial speculation it looks like a pretty safe bet to me.

My interest is in how this affects their car insurance brands and the knock on effect for women drivers.

The wise companies, I’m thinking about the likes of LV= here, were ahead of the game, despite catching a financial cold. No more credit cards post 2006 and no new loans in 2007.

How come they could see what was coming yet Northern Rock and RBS presumably couldn’t.

Let’s see how Barclays fares later this week…

FOXY Steph

Tags: car insurance, women drivers