According to the guy on SKY , HSBC and Alliance n Leicester operate the same system as Northern Rock

Discussion in 'Bulletin Board ARCHIVE' started by La Dent de Crolles, Sep 16, 2007.

  1. La Dent de Crolles

    La Dent de Crolles Well-Known Member

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    Require easy access to cheap money.</p>

    </p>

    Is it an Economy built on sand?</p>

    </p>
     
    La Dent de Crolles, Sep 16, 2007
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  2. D/T

    D/T New Member

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    Re: According to the guy on SKY , HSBC and Alliance n Leicester operate the same system as Northern

    now HSBC goes under then im fecked :)
     
    D/T, Sep 16, 2007
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  3. Zad

    Zadok Guest

    Re: According to the guy on SKY , HSBC and Alliance n Leicester operate the same system as Northern

    I have no money and owe HSBC lots...

    If they went "Northern Rock" would I benefit?
     
    Zadok, Sep 16, 2007
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  4. Kno

    Knowlesy Well-Known Member

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    they all lend money off each other

    not just 3

    it's just the way it works I think they see if they've got any extra at the end of the day they'll lend it to another bank and make some extra money, or they might want some more and borrow from another bank
     
    Knowlesy, Sep 16, 2007
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  5. RichK

    RichK Well-Known Member

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    Re: According to the guy on SKY , HSBC and Alliance n Leicester operate the same system as Northern

    Thats what I am wondering. I owe NR 5k (in a loan). If they really do start to struggle and need money is there any way that they will accept less if I can pay it in a lump sum now?
     
    RichK, Sep 16, 2007
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  6. La Dent de Crolles

    La Dent de Crolles Well-Known Member

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    RE: they all lend money off each other

    Apparently the &quot;cheap&quot; money is coming to an end and its getting more difficult to getthis money out of the money markets.
     
    La Dent de Crolles, Sep 16, 2007
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  7. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Unlike;y

    If they need the cash urgently they will just sell on the loan to someone else.
    Most likely outcome now is that NR will be taken over cheaply by a big bank

    HSBC are a huge global organisation if they have problems the whole world is in big big trouble

    All banks work on storing money for some people then lending that out to others. If all savers/investors demand their cash back to put under the mattress the bankling system will collapse
     
    Farnham_Red, Sep 16, 2007
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  8. budmustang

    budmustang Well-Known Member

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    HSBC seems to operate on taking your money and...

    ...not giving anything in return. Branches closed on Saturday, poor interest rate, no perks (unless you PAY for Bank Account Plus - yeah right).
     
    budmustang, Sep 16, 2007
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  9. Was

    Wastyke New Member

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    All the cheap money is coming to an end

    Would'nt be surprised to see interest rates, dramatically over the coming months. Unfortunately investors want some security and some return for their 'brass' All the credit companies will be complaining but they have been the root of the problem by lending to everybody and their Grandmothers.
     
    Wastyke, Sep 16, 2007
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  10. Was

    Wastyke New Member

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    RE: All the cheap money is coming to an end

    of course should read 'see interest rates RISE :D :D
     
    Wastyke, Sep 16, 2007
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