HBOS deal is off......

[scott7_0(Prague)]

SKY (http://news.sky.com/skynews/Home/Business/Financial-Crisis-Lloyds-TSB-Deal-With-HBOS-Collapses/Article/200810215118832?lpos=Business_Carousel_Region_1&lid=ARTICLE_15118832_Financial_Crisis%3A_Lloyds_TS B_Deal_With_HBOS_Collapses)

[CropleyWasGod]

I am not surprised at this, TBH. Ever since the US and UK Governments announced their bail-out plans, there has been a lot of comment about whether the take-over was necessary.

[Westie1875]

Conflicting stories on their news ticker, says "sky sources" say its off then HBOS quoted as saying its still on? :dunno:

[ano hibby]

Arguaby if the government are bailing out the banks then HBOS dont needs Lloyds..? who knows

[Mr Magoo]

Who cares about the blood sucking barstools anyway. They are only out to feather there own nest at the end of the the day:bye:

[lapsedhibee]

Conflicting stories on their news ticker, says "sky sources" say its off then HBOS quoted as saying its still on? :dunno:What, bank spokesmen lying? Shirley not? :fibber:

[Removed]

Who cares about the blood sucking barstools anyway. They are only out to feather there own nest at the end of the the day:bye:

:applause: Aye very good, and what do you think the impact will be on the local economy if/when financial sector jobs are hit in Edinburgh.

[CropleyWasGod]

Conflicting stories on their news ticker, says "sky sources" say its off then HBOS quoted as saying its still on? :dunno:

TBF, there are probably Stock Exchange procedures to be followed. They didn't follow them when the story broke in the first place, and were rightly criticised. So I wouldn't expect them to make the same mistake again.

[Hibs Class]

Who cares about the blood sucking barstools anyway. They are only out to feather there own nest at the end of the the day:bye:

Many normal people affected by this. You might not care but better to say nothi ng than to show yourself as an :asshole:

[Toaods]

Many normal people affected by this. You might not care but better to say nothi ng than to show yourself as an :asshole:

a fair point of course, but banks swim in a sea of sharks surrounded by their own kinds.

They don't have any qualms when Jimmy's burger van has hit a downturn and struggling to pay them for a temporary period.

It's dog-eat-dog in the world of heavy finance.

Hopefully the share price crashes to about 30p and then I can do my bit of sharking........:devil:

[Removed]

a fair point of course, but banks swim in a sea of sharks surrounded by their own kinds.

They don't have any qualms when Jimmy's burger van has hit a downturn and struggling to pay them for a temporary period.

It's dog-eat-dog in the world of heavy finance.

Hopefully the share price crashes to about 30p and then I can do my bit of sharking........:devil:


Thanks for that, makes me feel better about all my RBS shares that cost £6 :boo hoo:

So the beers will be on you 2nd Nov :wink: :greengrin

[scott7_0(Prague)]

Who cares about the blood sucking barstools anyway. They are only out to feather there own nest at the end of the the day:bye:

Still living at home then!!?:dunno:

[Chrissie_aka_Davoo]

The merger is most definitely on.

The UK government as stipulated that in order for Lloyds/HBOS to receive any of the bailout funds, the merger has to go ahead. As a result, Lloyds have re-negotiated the deal, and will buy HBOS for a cheaper price.

Result - Bank of Scotland no more. Make no mistake, this is a shot-gun marriage of the worst kind.

From a Westminster perspective, HBOS was simply too big and too important a company to be run in an SNP governed Scotland. Added to the taxpayer today buying 60% of RBS shares, Brown has got his way - the entire Scots banking industry will now be run from London.

[JoeT]

The UK government as stipulated that in order for Lloyds/HBOS to receive any of the bailout funds, the merger has to go ahead.

Where did you get this from? cheers

[Chrissie_aka_Davoo]

Where did you get this from? cheers

http://news.bbc.co.uk/1/hi/business/7666570.stm


HBOS will raise £11.5bn from taxpayers, made up of £8.5bn in ordinary shares and £3bn in preference shares, while Lloyds TSB is to get £5.5bn.

The money is conditional on the merger of the banks going through

[Phil D. Rolls]

Saw Fred Goodwin on telly last night. He was close to tears, at least he knows what it's like to lose your job now.