Jump to content
House Price Crash Forum
Sign in to follow this  
US Citizen

Hbos - Thank You And Goodbye

Recommended Posts

The EU has told Lloyds that it cannot remain at the size that is currently is. The bailout means it is not in immediate danger of going bust, but the competition bods in Brussels probably dont want to see a mega bank go bust as they cant afford to pick up the pieces.

The Lloyds - HBOS wasnt a merger, it was a takeover and in a takeover, it is usual for all of assets to be sold off bit by bit to bolster the strength of the company as a whole.

In the case of Lloyds HBOS is there any need for 2 branches on every high street, of course not, so they will probably start with Halifax branch closures and Bank of Scotland branch closures. Those high streets that only have a Halifax, will be turned in Lloyds branches, with their staff retained. Those high streets where Halifax branches are bigger and better located will also be rebranded.

I once heard of a company involved in Bearings that made everyone apply for their jobs again, so they could re-organise the company with the minimum of costs, it also gave some people the hump and they just left, which made life easier.

Lloyds has a lot of business customers, so it will probably want to keep the Bank of Scotland in Scotland and call it Lloyds Bank of Scotland or something but the Halifax is toast.

It has lived off the fat off the land, got itself over leveraged and has finally come unstuck.

Well I guess that just too bad.

Thank you Halifax / HBOS and Goodbye

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   292 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.