The Virtual Pub
Come Inside... => Saloon Bar => Topic started by: Snoopy on September 17, 2008, 05:47:42 PM
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Lloyds TSB are in merger talks with HBOS and the Government have indicated that they will override any objections from the Competition Regulators. http://ukpress.google.com/article/ALeqM5hFZPndm9Es-6WgEiwz-F7J8TOLfg
BUT Lloyds Bank merged with the Trustees Savings Bank and after some tongue twisting weeks became Lloyds TSB
The Bank of Scotland merged with the Halifax Building Society and after a similar bout of confusion became HBOS (Pronounced Aitch Boss)
What can they possible call the new merged bank, if the merger happens ~ LloydsTSBHBOS?
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Lloyds TSB are in merger talks with HBOS and the Government have indicated that they will override any objections from the Competition Regulators. http://ukpress.google.com/article/ALeqM5hFZPndm9Es-6WgEiwz-F7J8TOLfg
BUT Lloyds Bank merged with the Trustees Savings Bank and after some tongue twisting weeks became Lloyds TSB
The Bank of Scotland merged with the Halifax Building Society and after a similar bout of confusion became HBOS (Pronounced Aitch Boss)
What can they possible call the new merged bank, if the merger happens ~ LloydsTSBHBOS?
TOSS? whistle:
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Lloyds TSB are in merger talks with HBOS and the Government have indicated that they will override any objections from the Competition Regulators. http://ukpress.google.com/article/ALeqM5hFZPndm9Es-6WgEiwz-F7J8TOLfg
BUT Lloyds Bank merged with the Trustees Savings Bank and after some tongue twisting weeks became Lloyds TSB
The Bank of Scotland merged with the Halifax Building Society and after a similar bout of confusion became HBOS (Pronounced Aitch Boss)
What can they possible call the new merged bank, if the merger happens ~ LloydsTSBHBOS?
TOSS? whistle:
LOSS came to mind as I typed the question
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Lloyds TSB are in merger talks with HBOS and the Government have indicated that they will override any objections from the Competition Regulators. http://ukpress.google.com/article/ALeqM5hFZPndm9Es-6WgEiwz-F7J8TOLfg
BUT Lloyds Bank merged with the Trustees Savings Bank and after some tongue twisting weeks became Lloyds TSB
The Bank of Scotland merged with the Halifax Building Society and after a similar bout of confusion became HBOS (Pronounced Aitch Boss)
What can they possible call the new merged bank, if the merger happens ~ LloydsTSBHBOS?
TOSS? whistle:
LOSS came to mind as I typed the question
Of course... redface:
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Love Looking Over Your Dire Straits - Happy Band Of Shysters?
whistle:
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I see the cyber squatters have already started. Its a waste of time though as there is every possiblity that Lloyds will let HBOS continue as a trading style meaning the website addresses wouldnt need to be changed.
http://news.bbc.co.uk/1/hi/technology/7621647.stm (http://news.bbc.co.uk/1/hi/technology/7621647.stm)
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There ought to be laws evil:
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It seems that there are laws but, according to the Chancellor, nobody actually enforced them cussing: At least that was the gist of what he seemed to be saying on Radio Four this morning ~ when Numpty let him get a word in that is.
Anywhoo ~ the deed is done HBOS and Lloyds TSB are a couple ~ jobs will be shed, "savings " will be made through economies of scale and someone, somewhere will make a shed load of cash.
And that brings us to the big question ~ just who is driving this? All the major banks around the world are in turmoil, stock market figures in every country are up and down like a whore's drawers, Governments throughout both the Western world and the Far East are at a loss and are threatening yet more legislation, pensions are going down the pan and the jobless totals will rise universally. When we had the Tory ERM debacle George Soros made money, lots of money and he wasn't alone but I believe him when he says he didn't cause the problem, he just saw it coming and took advantage of it. So who is doing the manipulation behind the scenes? It is not in the Governments' interests as this will finish many of them off. The banks certainly don't want it to happen and the average man in the street couldn't make it happen if he tried. OK mortgages were given to people who should perhaps not have had them but they didn't all default at once. House prices were too high, artificially so perhaps in some cases, but whilst there is a lack of housing then prices are bound to go up. None of this explains why this has happened now. Who pulled the plug is what I want to know. Who stands to make most out of this and how did they manage to engineer a world wide collapse of the financial system? Is it perhaps a new and sophisticated Islamist ploy? They certainly have plenty of money but somehow I don't think it would be in their interests. Oil prices are dropping like a stone (but not on the petrol forecourts) and food prices, as bumper harvests throughout most of the world will ensure, will drop next year too.
OR is it that it really is simply a lemming like desire to "even things out" on the part of humankind that comes round every twenty to thirty years.
One thing I do know is that my house is still worth three times what I paid for it, my works pittance pension will not decrease and I am actually no worse off than I was this time last year. I am glad I have no savings, stocks, shares or any major commitments so I'm afraid I am saying "I'm all right Jack" and waiting to see just who has profited from it all.
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Are you trying to start a conspiracy theory on the banking collapse?
There are probably many reasons why but to me it's the irresponsible lending especially to house buyers (sub-prime and it's uk equivalent) and the selling on of those loans. Once the defaulting starts... eeek:
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Fear not, we are all safe
http://news.bbc.co.uk/1/hi/uk_politics/7623053.stm (http://news.bbc.co.uk/1/hi/uk_politics/7623053.stm)
scared2:
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So you by pass competition laws to create what is likely going to be the largest UK bank. Am I the only one who sees a potential future problem with that?
And if Gordo wants to clean up the city then start by slamming taxes on the ridiculous bonuses and golden farewells that the city traders have been able to rack up working in a deregulated environment.
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Are you trying to start a conspiracy theory on the banking collapse?
There are probably many reasons why but to me it's the irresponsible lending especially to house buyers (sub-prime and it's uk equivalent) and the selling on of those loans. Once the defaulting starts... eeek:
No I am not trying to start a conspiracy theory on the banking collapse ~ I am trying to gain some sensible opinions as to what is at the bottom of it all. My own feeling is that it is the natural greed of mankind and the cyclical nature of these events would suggest that it happens about once very generation as the lessons learned by one generation are ignored by the next on the time honoured principle that "My father was a fool, I know better" and who among us with teenage children haven't heard that idea ::)
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They don't have to be teenagers evil:
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I rest my case.
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Fear not, we are all safe
http://news.bbc.co.uk/1/hi/uk_politics/7623053.stm (http://news.bbc.co.uk/1/hi/uk_politics/7623053.stm)
scared2:
What a complete censored:
See also, Chancellor Alistair Darling... noooo:
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Why are you calling me Darling?
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Why are you calling me Darling?
::)
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Well, I am very fond of you too sweetie happy100
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Something has just struck me and I'm hoping that someone here can explain it. Lloyds paid what, £6billion for HBOS, the government poured almost 10 times that amount into Northern Rock and they were a much smaller company even before the asset stripping.
How the hell did Northern Rock cost so much?
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Darling has a mortgage with them?
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To answer the title question, how about Halibolloyds ?
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lol:
Comment of the day (or rather in the wee small hours when I couldn't sleep and was listening to BBC World Service) Unfortunately I didn't catch who was debating the current crisis but one of them said "It has nothing to do with people defaulting it has everything to do with over valuation"
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So Lloyds TSB owns The Cheltenham and Gloucester Building Society. Yet more potential savings on the High Street premises. whistle:
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I have a C&G account somewhere... at least they keep sending me updates on interest rate changes and the like. I think I've got fluppence or thereabouts in it, no doubt I'll be deluged with more post advising the changes in the coming weeks... not to mention the rest of the other companies who'll be now obliged to notify, etc etc.
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Meanwhile I hear that Alex Salmon has rather let the cat out of the bag claiming that Gordo and Darling have said that there will be no job losses in Scotland which is, in his opinion, right and proper because the problems are all due to the "Spivs and crooks" in London City.
He seems to have missed the fact that HBOS has a large office in Bristol next door to LloydsTSB's equally large office, The Cheltenham & Gloucester are based in ~ well Cheltenham and Gloucester whilst the Halifax part of HBOS still has a huge main office in Halifax.
But Hey Bugger them eh Alex ~ Us Scots will stick together and protect jobs in Edinburgh. Stupid b@st@rd! cussing: