The_Stars_Are_Aligning Posted June 30, 2009 Share Posted June 30, 2009 Surely this can only add to Nationwide's argument that house prices are stabilizing? http://news.bbc.co.uk/1/hi/business/8126516.stm Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 30, 2009 Share Posted June 30, 2009 More jobs losses can only mean an even bigger boost to house prices as there's no link between unemployment and house prices. The £1.38bn family home is still coming. Yeah. Quote Link to comment Share on other sites More sharing options...
RDW Posted June 30, 2009 Share Posted June 30, 2009 The Unite union was "astonished" by the scale of the cuts, which it said brought total job losses at the group since January to 7,000. So what were the synergies put forward when Lloyds took over the bust HBOS. Astonished ? I'm astonished the number isn't 70,000. Unite = Myopic frackers. Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted June 30, 2009 Share Posted June 30, 2009 Imagine a pair of carefully balanced scales-.... now hit one side with a sledgehammer really really hard- possibly a good day to bury bad news...? Quote Link to comment Share on other sites More sharing options...
dylanthecat Posted June 30, 2009 Share Posted June 30, 2009 More jobs losses can only mean an even bigger boost to house prices as there's no link between unemployment and house prices.The £1.38bn family home is still coming. Yeah. As long as we all just borrow money we will be ok Quote Link to comment Share on other sites More sharing options...
Meerkat Posted June 30, 2009 Share Posted June 30, 2009 The Unite union was "astonished" by the scale of the cuts, which it said brought total job losses at the group since January to 7,000.So what were the synergies put forward when Lloyds took over the bust HBOS. Astonished ? I'm astonished the number isn't 70,000. Unite = Myopic frackers. Yes, two evils: govy and unions, the latter making sure things get screwed up even more. Quote Link to comment Share on other sites More sharing options...
abharrisson Posted June 30, 2009 Share Posted June 30, 2009 The Unite union was "astonished" by the scale of the cuts, which it said brought total job losses at the group since January to 7,000.So what were the synergies put forward when Lloyds took over the bust HBOS. Astonished ? I'm astonished the number isn't 70,000. Unite = Myopic frackers. I'd agree there should be huge job losses in the train..... I wonder if things are not moving a little faster because they unsure what europe or indeed a new conservative government might insist they ditch in future... they had 22% of the current account market.. with HBOS this may well have risen beyond 30%, as perhaps have their shares in credit cards,savings and personal loans (some ,may be even higher)... mortgages will be over 30% based on 2006 numbers and enormous now... god only knows what business banking, corporate, asset finance, commercial finance, card acquisition, etc are at, maybe even higher...... if they merge the distribution and operation channels then even if the brands remain it will be difficult to sell them as a "business" as they couldn't be seperated.... so by and large I expect most of the operational may remain for the time being. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted June 30, 2009 Share Posted June 30, 2009 I'd agree there should be huge job losses in the train..... I wonder if things are not moving a little faster because they unsure what europe or indeed a new conservative government might insist they ditch in future... they had 22% of the current account market.. with HBOS this may well have risen beyond 30%, as perhaps have their shares in credit cards,savings and personal loans (some ,may be even higher)... mortgages will be over 30% based on 2006 numbers and enormous now... god only knows what business banking, corporate, asset finance, commercial finance, card acquisition, etc are at, maybe even higher...... if they merge the distribution and operation channels then even if the brands remain it will be difficult to sell them as a "business" as they couldn't be seperated.... so by and large I expect most of the operational may remain for the time being. That's an interesting point. Maybe they are rationalising quickly enough that it makes them difficult to split up (which is one of the recommendations for financial stability). Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted June 30, 2009 Share Posted June 30, 2009 It's the merging of the bad debts that worries me. Their market share of this breaches all known guidelines. To be fair, (as we all know) it wasn't really LTSB that had the bad debts... Quote Link to comment Share on other sites More sharing options...
Guest theboltonfury Posted June 30, 2009 Share Posted June 30, 2009 It this sort of demographic that rents the city flats that keep our BTL friends alive. This could hurt. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 30, 2009 Share Posted June 30, 2009 As long as we all just borrow money we will be ok Excellent you've been paying attention and understand the link between debt/wealth/growth. You have no need to be reeducated to the new paradigm now you can go forth and spread the message. It's the merging of the bad debts that worries me. Their market share of this breaches all known guidelines. Can we just change the guidelines so it doesn't worry you? Brown is good at fudging. Quote Link to comment Share on other sites More sharing options...
ZeroSumGame Posted July 3, 2009 Share Posted July 3, 2009 From the BLOG................. Indian IT staff taking British jobs at Lloyds Banking Group Mail Online: Indian IT staff taking British jobs at Lloyds Banking Group Hundreds' of Indian contractors are being brought to the UK by state-backed Lloyds Banking Group, which is using them to slowly replace British IT workers. Anyone know if this true ? If so it's outrageous ! Quote Link to comment Share on other sites More sharing options...
3 Men In A Boat Posted July 3, 2009 Share Posted July 3, 2009 Does anyone know how many have been made redundant from Lloyds yet? As every other week they seem to be getting rid of another couple of thousand? Quote Link to comment Share on other sites More sharing options...
Fudge Posted July 3, 2009 Share Posted July 3, 2009 The Unite union was "astonished" by the scale of the cuts, which it said brought total job losses at the group since January to 7,000.So what were the synergies put forward when Lloyds took over the bust HBOS. Astonished ? I'm astonished the number isn't 70,000. Unite = Myopic frackers. Instead of being astonished or very concerned why don't the unions do what they are supposed to do and fight for their jobs? I know the answer. Because the unions are in on it with the Labour Party. Especially Unite. These workers have to fight back without the unions support if need be. Like the Lindsey oil workers did. And I know it didnt get much media time but those Lindsey workers won that dispute so it shows what can be achieved by workers if they take action. Quote Link to comment Share on other sites More sharing options...
200p Posted July 3, 2009 Share Posted July 3, 2009 (edited) When the news first came that Lloyds were buying HBOS in the darker days of the financial crisis, it was rurmored 40,000 [count them!], jobs would go. The best from both companies will be cherry picked, and duplicate jobs axed. It should not come to any surprise to anyone, 2,100 are going now. Edited July 3, 2009 by Lord Sandwich Quote Link to comment Share on other sites More sharing options...
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