Business NewsMarketWire • State Owned Banks Will Rip You Off When You Buy Their Insurance Products

State Owned Banks Will Rip You Off When You Buy Their Insurance Products

State Owned Banks Will Rip You Off When You Buy Their Insurance Products

FLINT, UNITED KINGDOM--(Marketwire - March 18, 2010) - A recent investigation by the Daily Mail has revealed that banks which were bailed out by the tax-payer, and are now predominantly state- owned, are overcharging their customers by hundreds of pounds compared to the premiums charged by insurance brokers and on-line providers. The investigation discovered that RBS/Natwest and Lloyds Banking Group are selling car, home and travel insurance to their loyal customers at a rate which is obscenely high.

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State Owned Banks Will Rip You Off When You Buy Their Insurance Products