TSB and HBOS

Will customers get free shares like when The Halifax merged with the Bank of Scotland.

 

I doubt it very very much!

 

Its all Howards fault. nt

 

not quite, blame the guys at the top, some of us will probably lose our jobs now

theve wrecked one of the finest banks in the world with their shortsighted stupididty and greed (and that could be said of all the major banks nowadays)

 

RE: not quite, blame the guys at the top, some of us will probably lose our jobs now

Its all greed! I've been saying people need to have a reality check and tighten their belts for the last 2 years and people scoffed at me!

 

where does this 'one of the finest banks in the world come from'??????????????

 

No chance

They're saving Britains largest financial institution and people think they're gonna get a pay out at the same time? Shares that were worth £11 3 days ago are worth nothing now.

 

According to Radio 5

HBOS share holders will get 1/3rd of a LloydsTSB share for each share.

 

I had 22K in value at the beginning of the year and now I haven't a clue what my shares are worth. Bank + Building Society has spelt disaster. The FSA is a waste of time and should be scrapped, followed by Nu Labour.

 

They are currently trading at about &pound;1.90 per share - that's if you can get hold of any - trading systems have been overloaded this week.</p>

LoydsTSB paid about &pound;2.30 per share I think to get the co.
</p>

 

http://www.thedailymash.co.uk/news/...go-wrong-with-gigantic-new-bank-200809181264/

 

Giggling slightly.

 

.

.

 

Why is it the FSA's fault that your shares have goine down in value? HBOS are well capitalised it is the market confidence and short selling that has created ths situation - you were happy when the shares we rising i expect ?!?

The statement "shares can go down as well as up" isn't quoted without reason. Sometimes you win, sometimes you lose but unless someone held a gun to your head and made you buy the shares against your will you cannot complain.

 

Because the FSA does not regulate short-selling!

Northern Rock, B&amp;B and now HBOS, all victims of an unregulated market.</p>

It all started with Thatcher.</p>

 

RE: Because the FSA does not regulate short-selling!

It would be impossible for the FSA to regulate short selling, shares are bought and sold globally. If teh FSA outlawed short selling then the traders woudl simply move offshore and continue doing it - it's not a new issue by the way, just more visible at the minute.

 

No it wouldn't! I said it should be regulated. U.S. markets

have far more rules than the U.K. where you can basically do what you like. It's crap and is costing real people jobs so a few can make huge gains at their expense. Here, you can short shares that you just do not have,why is that allowed?

 

RE: No it wouldn't! I said it should be regulated. U.S. markets

But how would that stop short selling? It's like the US tightening internet betting laws, it hasn't stopped online gambling - just moved it elsewhere.

Ultimately, we live in a truly global market now and regulation in one country or another won't stop anything global laws are required if you want to tighten up.

With this situation the short sellers could just as easily have been burnt (in fact i would like to bet quite a few were) with the volatility that we are seeing -and the short selling hasn't created the market condition (that was the US subprime catastrophe) but has admittedly exploited it. Unfortunately that is capitalism at it's most extreme, I can only liken it to a closing down sale - everyone loves a bargain, even if it's on the credit card (someone elses money)

 

But to short-sell then you should have acquired the option

on the shares you are short-selling. They have not in many cases which has enabled people to take massive short positions and destabilise companies. No effective regulation is in place to stop this.

 

What shares are these?

HBOS shares were 11 pounds 12 months ago, a few days ago they were a couple of pounds.....they've plummitted in recent months. Customers won't get free shares because, unlike before, this is a merger, not the formation of a limited company - the free shares came about when the Halifax converted from a building society to a bank.
In this instance, there will be a transference of shares - looks like 0.83 of a Lloyds share for each HBOS share held.

I'm trying to get what news I can about this at the moment, as I'm half way through a 3 week stay in the US, and I work for HBOS.....bloody hell....just got married and now I start worrying about my job!