Tuesday, November 10, 2009

Lloyds announces 5,000 job cuts

Lloyds announces 5,000 job cuts

Lloyds Banking Group is cutting 5,000 jobs

Posted by doomwatch @ 11:15 AM (1336 views)
Please complete the required fields.



11 thoughts on “Lloyds announces 5,000 job cuts

  • So potentially 5,000 discounted mortgages about to increase in the monthly payments then. Vive la recovereh!

    Reply
    Please complete the required fields.



  • Expect more of this, especially when RBS collapses……which it will, very soon.

    Reply
    Please complete the required fields.



  • hpwatcher

    Did you mean that ?

    Care to elaborate if you did ?

    Reply
    Please complete the required fields.



  • I agree with HP RBS is not safe, far from it,

    now HSBC and Barclays are both good bets.. both are growing on the back of other peoples loses, these two will dominate the world soon..

    Reply
    Please complete the required fields.



  • Won’t they simply keep pumping the money until it does work.

    Too big to fail and all that.

    Reply
    Please complete the required fields.



  • hpwatcher/mark – I use RBS to pay all of my monthly bills having banked with them since they were Williams & Glynn’s – please eloborate on how, why and when RBS are going to collapse?

    Reply
    Please complete the required fields.



  • jack c

    they have no money, too much debt and are reliant on a bankrupt country to bail them out..

    they took huge risks in real estate, risky assets etc

    i wouldnt bank with them

    Reply
    Please complete the required fields.



  • mark – if you are (in due course) correct – then this is the bit that really matters – “reliant on a bankrupt country to bail them out”

    Reply
    Please complete the required fields.



  • RBS is an absolute ruin, I just don’t think that the government are going to be able to save it. It’s a bottomless pit.

    I think RBS would stand a better chance if the government didn’t already have Lloyds/HBOS to worry about.

    Reply
    Please complete the required fields.



  • hpwatcher – the Gov will need to ensure the ordinary account holders/depositors are adequately protected (which they have repeatedly stated they will do) otherwise we will end up with another bank run (Rock style) – my concern is that if there were to be another run, they might not be able to contain it.

    Reply
    Please complete the required fields.



  • hpwatcher – the Gov will need to ensure the ordinary account holders/depositors are adequately protected (which they have repeatedly stated they will do) otherwise we will end up with another bank run (Rock style) – my concern is that if there were to be another run, they might not be able to contain it.

    I don’t see the depositors losing out, the amounts are relatively marginal.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>