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[MSE Lawrence]

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Read Martin's "RBS, Lloyds & Northern Rock create new mini-banks; what'll it mean for customers?" Blog.

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[Desperate Housewife]

I think RBS needs a shake up. I had someone from there on the phone today asking me if I wanted to reduce my facility on my one account or if I intended to draw on it. I asked why on earth would I want to that in this day and age when credit is hard to come by!

[wizk1]

Will this mean the end for NatWest do we reckon? It would be very overwheliming having several new banks we've never heard of before.

[Keeping Positive]

I can understand why they want to break up the banks but it seems too rushed. Lloyds in particular is still dealing with the HBOS "merger". I think they need to let the recent shocks calm and then have a long term plan to downsize. The taxpayers money is safe and will probably be repaid sooner if the banks are allowed to trade without worrying abount the next government plan.

[MSE Martin]

Please see my latest blog

Chancellor on RBS Natwest & Northern Rock split

for more info on this

[wizk1]

Originally Posted by MSE Martin

Please see my latest blog

Chancellor on RBS Natwest & Northern Rock split

for more info on this

Thanks for the update Martin. Also... you may also want to revise the way you spelt pawns at the bottom of your article. You don't want people to get the wrong impression

[KTM Gordo]

Another erratum, Martin: Williams & Glynn was bought by RBS before they also bought Natwest.

As for whether this is good or bad for the customer, as you say: time will tell.

[d93jwy]

What about people with mortgages from Northern Rock who may fit with the "bad" part of the bank e.g. approx 100% mortgages. Will they be given the choice between "bad" bank and "good" bank, or forced to stay in the "bad" bank?

[skiTTish]

We have just started repayments on a mortgage which is a TSB product (Lend-a-hand) but the mortgage is administered by C&G ,we haven't got a clue how this will affect us :/

[Bridge_Teacher]

With all this furore about splitting Lloyds TSB, no mention seems to have been made about the fact that the government encouraged Lloyds to rescue the moribund Halifax group - much to the detrement of Lloyds' balance sheet (and to its shareholders).

Now, it appears, Lloyds has to divest itself (effectively, a fire-sale) of some of the more profitable parts of its business. Who will now make a killing at the expense of both old Lloyds shareholders and of the taxpayer ?

[Keeping Positive]

I think I heard they have about 4 years to do this so hopefully it wont be a fire sale.