Wednesday, September 17, 2008

40,000 and the rest

HBOS Talks: '40,000 Jobs At Stake'

Halifax Bank of Scotland has confirmed that it is in advanced talks with Lloyds TSB about a possible takeover that could cost as many as 40,000 jobs.

Posted by mark @ 02:34 PM (3175 views)
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8 thoughts on “40,000 and the rest

  • Not sure this is going to be at all good for UK banking clients. Less competition, but also notably less protection – everyone with substantial savings with both will probably now only be covered once with the FSCS. Time to redistribute.

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  • Its all a scam. This consolidation has been planned from the start. We will all be slave to one big global bank!

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  • you watch how the government relaxes rules again for a company

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  • HBOS Talks: ‘40,000 Jobs At Stake’

    That’ll please ” montesquieu”
    – see coments on “Sky News: HBOS Shares Fall Heavily Again” article posted earlier today

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  • Industry experts predict around 1,000 branches could close due to the massive overlap between the country’s third and fifth largest banks, making room for more pubs no doubt. (don’t they mean more closed pubs..lol)

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  • japanese uncle says:

    Financial Compensation Scheme is totally useless unless addressing such potential savers disaster as pointed out by renting2.

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  • I wonder if CEO Andy Hornby will be retained on the £1.9 million salary package he received last year? Perhaps a nice fat compensatory severance sum will be awarded for all his good work.

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  • HBOS are the most singularly useless trumped up former building society of a bank as was my misfortune to ever have an account and mortgage with, their sheer incompetence was breathtaking at times, why LloydsTSB would saddle themselves with such a banking donkey unless it is to strip its assets and sut it is beyond me.

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