Dumb business decisions - banks vs BA, Ferrari and football clubs

There are a lot of laughs this week as Simon Lambert, Lee Boyce and Georgie Frost take a sideways look at some of the week’s potty money stories. Banks are in the spotlight because it’s reporting season and there was a mix of good news, shock news and fraud news from Barclays, HSBC, Lloyds and the rest. But the pathetic attempts by RBS to lure customers to its headline 0.05% interest-paying cash Isa get taken to pieces by the This is Money team. Also on the show… A trendy new bank backed by the tech entrepreneur, haircut wearer and singing coach on TV’s The Voice, Will. i.am, is paying 2% to its savers. It’s a suspiciously high a rate say our judges. To open the account you have to take a selfie. How many moneyed 60-year-olds will take that seriously? Football. Bloody hell! It’s the metaphor for anything. Could the rise and fall of Leicester City be clever economic forecasting at play? A conversation about the state of our banking sector ensues: Tale of two bail outs – RBS v Lloyds British Airways vs all the other airlines it used to be better than until it got into bed with Marks & Spencer’s sandwich department. Divorce vs capital gains tax Scammers vs printer owners The new Ferrari vs critics of its odd new name And finally, How much is a coin worth when the Queen’s face has a goatee beard? Enjoy.

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