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Author Topic: UK Financial Future  (Read 2954 times)

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Mr Skrunts

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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
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Jimbob

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Re: UK Financial Future
« Reply #1 on: 17 September 2008, 19:20:06 »
Very worrying

esp for me  :(
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albitz

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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
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Field Marshal Dr. Opti

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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. :-/ :-/ :-/ :-/
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MikeDundee

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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 »
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Mr Skrunts

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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. :-/
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Pitchfork

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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)
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Jimbob

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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  :'(
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cem_devecioglu

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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 »
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Pitchfork

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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! ;)
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Mr Skrunts

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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%)
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Martin_1962

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

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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.  :)
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Golfbuddy

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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
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Mr Skrunts

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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.
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