So the safest bank around ( Lloyds) is about to go under
So the safest bank around ( Lloyds) is about to go under
14 February 2009, 10:19 PM
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Lloyds was fine .... it was buying HBOS which has dragged it into the Cak!
Government asked them to take over a failed bank and they did - seems we must now step in and take ownership of another bank.
The banking system has been shown to be corrupt, inept and poisonous .... letting it rot in hell would have been preferable to all this pain and sufferring!
Government asked them to take over a failed bank and they did - seems we must now step in and take ownership of another bank.
The banking system has been shown to be corrupt, inept and poisonous .... letting it rot in hell would have been preferable to all this pain and sufferring!
14 February 2009, 10:26 PM
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I banked with them for many years and got a "platinum" credit card.
Only used it for the odd purchase and always paid back in full every month.
Without any warning, they slapped on a £35 "low useage" charge.
I cancelled it and stuck our cash in HSBC (and now NR).
Robbing gits.
Only used it for the odd purchase and always paid back in full every month.
Without any warning, they slapped on a £35 "low useage" charge.
I cancelled it and stuck our cash in HSBC (and now NR).
Robbing gits.
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14 February 2009, 11:04 PM
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wheres the link saying this?
I know they took over HBOS for a reason, and who wouldn't when those sums of money are being offered around prior to HBOS, LloydsTSB were one of the more stable and reliable banks, but if they are in serious trouble then I want my money out
I know they took over HBOS for a reason, and who wouldn't when those sums of money are being offered around prior to HBOS, LloydsTSB were one of the more stable and reliable banks, but if they are in serious trouble then I want my money out
14 February 2009, 11:13 PM
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15 February 2009, 12:02 AM
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I banked with them for many years and got a "platinum" credit card.
Only used it for the odd purchase and always paid back in full every month.
Without any warning, they slapped on a £35 "low useage" charge.
I cancelled it and stuck our cash in HSBC (and now NR).
Robbing gits.
Only used it for the odd purchase and always paid back in full every month.
Without any warning, they slapped on a £35 "low useage" charge.
I cancelled it and stuck our cash in HSBC (and now NR).
Robbing gits.
15 February 2009, 04:14 AM
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15 February 2009, 08:39 AM
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RBS are separate.
I hope Lloyds dont go under otherwise I wont be able to get my GT3 as they are my biggest client!!
Actually that means that the great unwashed are paying for 40% of my new car
I hope Lloyds dont go under otherwise I wont be able to get my GT3 as they are my biggest client!!
Actually that means that the great unwashed are paying for 40% of my new car
15 February 2009, 09:17 AM
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The problem isnt mortgage defaulters, its the way banks have repackaged and repackaged products to sell, then resell, then resell, all the time getting a percentage.
15 February 2009, 09:24 AM
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15 February 2009, 10:41 AM
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That only says the share price plumeted because of the bonus thing, LloydsTSB I think were one of the lucky banks who only had about 200million of subprime problems which was small compared to others, I doubt they will go under especially as they had the wad of money for taking on HBOS plus 40% of government ownership, which itself will mean they would never let it go under.
15 February 2009, 10:47 AM
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Excuse my ignorance folks, so if you,ve got say 30k savings in this mentioned Bank, is it a case of get it out quickly?? 
Infact for that matter, do people need to move money out of most Banks??
Infact for that matter, do people need to move money out of most Banks??
15 February 2009, 10:52 AM
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Live for today mate! Get your money in something tangible and tasty in the garage !!!
You cant trust this 'financial' lot further than you can throw them. My pension is a joke - unlike their bonuses. D
!!! You cant trust this 'financial' lot further than you can throw them. My pension is a joke - unlike their bonuses. D
15 February 2009, 10:55 AM
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15 February 2009, 11:03 AM
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i'm with lloydstsb,
i spent most of my cash yesterday on my new wrx,
the way i see it, is that i'm helping the country by spending and putting more money about.
i spent most of my cash yesterday on my new wrx,
the way i see it, is that i'm helping the country by spending and putting more money about.
15 February 2009, 11:15 AM
#25
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if everyone decided to move their money it would be NR all over again people shouldn't panic as Lloyds are ok, they have just intimated 1.3b profit on the Lloyds side but HBOS losing 1.6b so in real terms not that worrying.BBC is your friend
15 February 2009, 12:14 PM
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15 February 2009, 01:40 PM
#27
I agree that people are responsible for over borrowing but they can only borrow if someone is willing to lend to them, all the good "Prime" loans got snapped up then they migrated down the socio economic ladder to catch the sub prime, they got bitten as its called sub-prime for a reason, remember they were lending to people who aren't smart enough to realise the consequences (maybe they weren so daft as there werent any consequences anyway).
So they loan to the thick, the greedy, the shortsighted, the optimistc, gullible etc which was great for a while, they were cleaning up lending money, getting the commision, which is to be honest the main problem, financial advisers going round the projects and trailer parks signing people up, they get their loan, the FA gets the commision and the banks get the debt, which they deserve as they lowered their criteria for acceptance so they could get more business, probably at advantageous (for the bank) rate of interest, six figure bonuses, Champagne and some Coke all round seeing as we are all so clever.
It would be great to laugh at the banking industry but seeing as I have lost a fair few quid I find it hard, f*ck being prudent, saving and doing without, might as well have spunked every quid I have.
So they loan to the thick, the greedy, the shortsighted, the optimistc, gullible etc which was great for a while, they were cleaning up lending money, getting the commision, which is to be honest the main problem, financial advisers going round the projects and trailer parks signing people up, they get their loan, the FA gets the commision and the banks get the debt, which they deserve as they lowered their criteria for acceptance so they could get more business, probably at advantageous (for the bank) rate of interest, six figure bonuses, Champagne and some Coke all round seeing as we are all so clever.
It would be great to laugh at the banking industry but seeing as I have lost a fair few quid I find it hard, f*ck being prudent, saving and doing without, might as well have spunked every quid I have.
15 February 2009, 02:57 PM
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15 February 2009, 03:05 PM
#29
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The tax payer owe 43% of the Lloyds group, there's no chance of it going under.
Yesterday I had to queue for quite a while due to the amount of people depositing cash so there's no sign of people starting a run similar to Northern Rock.
Yesterday I had to queue for quite a while due to the amount of people depositing cash so there's no sign of people starting a run similar to Northern Rock.
15 February 2009, 03:14 PM
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Lending criteria should be based on the individual's ability to repay the debt, and it's plainly obvious that these criteria were circumvented in order for financial advisers to sell loans and pick up commissions.