Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please check the Forum Guidelines at the top of the Newbie section

Pages: [1] 2 3  All   Go Down

Author Topic: UK Financial Future  (Read 3253 times)

0 Members and 1 Guest are viewing this topic.

Mr Skrunts

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Skruntie Land.
  • Posts: 25729
  • 3.O Elite Saloon with all the toys,
    • 2003 CD 2.2 Auto
    • View Profile
UK Financial Future
« on: 17 September 2008, 19:19:28 »
Just heard the news today that HBOS  (halifax building society, RBS) have lost 56^ off thier share value alone tis week and Llydds TSB are is talks to take them over.

I opened my first account with the Halifax when I was 13/14 and am 48 next

Crazy, wonder what we will wake upto next week
Logged
Ask yourself :  " WHY do I believe in what I believe?"

Remember that my opinions expressed here are not representative of the opinions of other members on the OOF Forum.

Jimbob

  • Global Moderator
  • *****
  • Offline Offline
  • Gender: Male
  • Chester / Flintshire
  • Posts: 24540
  • I like traffic lights, but only when they're green
    • E250 Est / Golf GTI
    • View Profile
Re: UK Financial Future
« Reply #1 on: 17 September 2008, 19:20:06 »
Very worrying

esp for me  :(
Logged

albitz

  • Guest
Re: UK Financial Future
« Reply #2 on: 17 September 2008, 19:26:54 »
shares were over 11 quid less than 18 months ago, they were about 1.50 today. :o
Logged

Field Marshal Dr. Opti

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Utopia
  • Posts: 32855
  • Speaking sense, not Woke PC crap
    • View Profile
Re: UK Financial Future
« Reply #3 on: 17 September 2008, 19:32:26 »
Normally two giant banks like these would not be allowed to merge because it would restrict competition.
But I think a blind eye will be turned in this instance. :-/ :-/ :-/ :-/
Logged

MikeDundee

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Costa Del Peckham
  • Posts: 9370
    • View Profile
Re: UK Financial Future
« Reply #4 on: 17 September 2008, 19:32:57 »
Thankfully I changed my mortgage a few months ago now fixed for 5 years, but I notice my credit card companies keep reducing my limit, most recently being today BOS reduced my card by £300, so rather than pay off before going abroad I may just continue to pay the minimun and keep the money in the bank ::) :y :-/
« Last Edit: 17 September 2008, 19:33:21 by mickdundee »
Logged

Mr Skrunts

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Skruntie Land.
  • Posts: 25729
  • 3.O Elite Saloon with all the toys,
    • 2003 CD 2.2 Auto
    • View Profile
Re: UK Financial Future
« Reply #5 on: 17 September 2008, 19:41:26 »
My savings and income are with Halifax and my bills are paid via Llyods TSb in my cheque account and kept with a bare minimum balance and to my annoyance their manipulated bank charges.

If the TSB takes over the Halifax methinks I will drop them both.

Down side is, where do you move to. :-/
Logged
Ask yourself :  " WHY do I believe in what I believe?"

Remember that my opinions expressed here are not representative of the opinions of other members on the OOF Forum.

Pitchfork

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Tadley (near Basingrad)
  • Posts: 2498
  • Barndances & Morris
    • View Profile
Re: UK Financial Future
« Reply #6 on: 17 September 2008, 19:52:30 »
Quote
My savings and income are with Halifax and my bills are paid via Llyods TSb in my cheque account and kept with a bare minimum balance and to my annoyance their manipulated bank charges.

If the TSB takes over the Halifax methinks I will drop them both.

Down side is, where do you move to. :-/
Nationwide Building Society (it's not a Bank)
Logged
Almost famous!   www.pitchforkband.co.uk Guitar & PA Amps repaired & serviced
Ears pierced while you wait. PAT & Valve testing

Jimbob

  • Global Moderator
  • *****
  • Offline Offline
  • Gender: Male
  • Chester / Flintshire
  • Posts: 24540
  • I like traffic lights, but only when they're green
    • E250 Est / Golf GTI
    • View Profile
Re: UK Financial Future
« Reply #7 on: 17 September 2008, 19:54:27 »
Your savings will be safe
Your house will be safe


What of the workers  :'(
Logged

cem_devecioglu

  • Guest
Re: UK Financial Future
« Reply #8 on: 17 September 2008, 20:00:47 »
Today I searched in the net for some info as I have my lessons from before..

Briefly the banks who is mostly in liquid position or have many papers from different sectors will be effected slightly..

But some who have large paper investments to related sectors (mortgage) will be inevitably effected..


However Lechman Brothers who have given positive credit rating for Turkey and who said "everything goes fine" is now bankrupt :P
« Last Edit: 17 September 2008, 20:03:09 by cem_devecioglu »
Logged

Pitchfork

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Tadley (near Basingrad)
  • Posts: 2498
  • Barndances & Morris
    • View Profile
Re: UK Financial Future
« Reply #9 on: 17 September 2008, 20:01:49 »
Quote
Your savings will be safe
Your house will be safe


What of the workers  :'(
More Vodka! ;)
Logged
Almost famous!   www.pitchforkband.co.uk Guitar & PA Amps repaired & serviced
Ears pierced while you wait. PAT & Valve testing

Mr Skrunts

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Skruntie Land.
  • Posts: 25729
  • 3.O Elite Saloon with all the toys,
    • 2003 CD 2.2 Auto
    • View Profile
Re: UK Financial Future
« Reply #10 on: 17 September 2008, 20:07:33 »
Allready been mentioned mortgage rates to rise and savings rates to fall.

My mortgage is history as it's settled but I cant keep track with savings rates.  Best I have seen recently is Yorkshire Building Society.@ 5.7% where the Halifax has allready droped to 4.25% (Both Gross%)
Logged
Ask yourself :  " WHY do I believe in what I believe?"

Remember that my opinions expressed here are not representative of the opinions of other members on the OOF Forum.

Martin_1962

  • Guest
Re: UK Financial Future
« Reply #11 on: 17 September 2008, 20:44:07 »
Halifax current account, 3 Halifax childrens saving accounts
Logged

Golfbuddy

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Cornwall
  • Posts: 4151
  • I'm On An Economy Drive
    • View Profile
Re: UK Financial Future
« Reply #12 on: 17 September 2008, 20:47:34 »
Quote
Allready been mentioned mortgage rates to rise and savings rates to fall.

My mortgage is history as it's settled but I cant keep track with savings rates.  Best I have seen recently is Yorkshire Building Society.@ 5.7% where the Halifax has allready droped to 4.25% (Both Gross%)

Not likely. Banks will be desperate for YOUR cash. They will be tripping over each other to get your cash on deposit. I fully expect to see interest rates on deposit to rise.  :)
Logged
[size=24]        [/size][/b]

Golfbuddy

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Cornwall
  • Posts: 4151
  • I'm On An Economy Drive
    • View Profile
Re: UK Financial Future
« Reply #13 on: 17 September 2008, 20:50:53 »
Quote
Allready been mentioned mortgage rates to rise and savings rates to fall.

My mortgage is history as it's settled but I cant keep track with savings rates.  Best I have seen recently is Yorkshire Building Society.@ 5.7% where the Halifax has allready droped to 4.25% (Both Gross%)

Birmingham Midshires 6.52% and Bradford and Bingley 6.51%. Both instant access accounts but you have to bank on the interweb thingy.  :y
Logged
[size=24]        [/size][/b]

Mr Skrunts

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • Skruntie Land.
  • Posts: 25729
  • 3.O Elite Saloon with all the toys,
    • 2003 CD 2.2 Auto
    • View Profile
Re: UK Financial Future
« Reply #14 on: 17 September 2008, 21:10:19 »
Quote
Quote
Allready been mentioned mortgage rates to rise and savings rates to fall.

My mortgage is history as it's settled but I cant keep track with savings rates.  Best I have seen recently is Yorkshire Building Society.@ 5.7% where the Halifax has allready droped to 4.25% (Both Gross%)

Birmingham Midshires 6.52% and Bradford and Bingley 6.51%. Both instant access accounts but you have to bank on the interweb thingy.  :y

Cheers matey.

Dont mond using the interweb as they are for savings, but they give hole in the wall cards so am happy.
Logged
Ask yourself :  " WHY do I believe in what I believe?"

Remember that my opinions expressed here are not representative of the opinions of other members on the OOF Forum.
Pages: [1] 2 3  All   Go Up
« previous next »
 

Page created in 0.02 seconds with 17 queries.