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By Dani Saveker, November 23, 2011 2:59 pm

I couldn’t avoid mentioning the BBC feature on banks mis-selling to corporate clients…  having been victim to this myself when CEO of our family business Savekers Ltd.

Back in 2006, our Board were pretty much forced into an interest rate hedging product without any explanation – and certainly nothing to tell us what may happen on termination which became an issue as the company went into administration in 2009.

I held a personal guarantee along with my cousin and we had to fight for two years to have the PG discharged as the bank chose to pursue us incorrectly for a sickening amount of money.

During this time my family and I had the threat of bankruptcy hanging over us and numerous sleepless nights. This was after doing all possible to protect the position of the company’s creditors and limit any impact as our 106 year old business closed –  as a result of the economic situation which was itself brought on by the widely reported mismanagement and irresponsible behavior of the banking sector.

It may be something that we no longer have hanging over us but it left a terrible taste, especially when the letter that came to say the bank would have no further claim against me under the guarantee didn’t even acknowledge or apologise for the way in which they treated us.

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By Dani Saveker, November 22, 2011 12:02 am

Whether something is the end of one thing or the beginning of another sometimes doesn’t matter… it’s moving forwards that counts.

Today reminded me that when you look at a new adventure you have to close the chapter on the one before and remember everything it taught you, the people that you’ve met along the way and how valuable even the bad things can be. These chapters and experiences shape who we are and what we will go on to become.

Just as Steve Jobs said in his Commencement Speech in 2005…

“Again, you can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life”