Sunday, Nov 01, 2009

Halifax - Bad to Worse?

Times: Halifax rate row: do you stay or do you go?

Customers of Halifax, owned by taxpayer-backed Lloyds Banking Group, are staging a revolt as the banking giant slashes rates on its current and savings accounts and drives out mortgage borrowers from Intelligent Finance, its online arm. The protest comes as the European Commission prepares to impose penalties on Lloyds (and Royal Bank of Scotland) for receiving billions in state aid.

Posted by alan @ 12:12 AM (728 views)
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