Alliance and Leicester in Bid Talks.

ConstantineXII

Absolutely right, that's why I said "I've been upset with Abbey in the past" :beer:

I was referring to the Santander ability to manage banks, from a profit point of view, comparing A&L and Abbey's results over the last 12 months.:A

Oblivion

ConstantineXII wrote: »

I was referring to the Santander ability to manage banks

I think he should have stuck to playing guitar! :rolleyes2

Dave.

Woodyrocks

Moneywise article here

Banderman

Sell now. If this deal falls through or is referred to the competion authorities you'll be lucky to get a pound for these shares.

tellmeitsfriday

johnbfan wrote: »

Well - some of our savings are with Bradford and Bingley, and our Mortgage with A&L.

Whose next that I have a financial 'interest' in?

Oh, I did even better that that - Current Account, A&L, savings, B&B and mortgage - Northern Rock..

Only one left is an ISA with LV - watch this space, you heard it here first lol...:rotfl:

johnbfan

I have the free shares in B&B and A&L - I'm not selling. Who knows in ten years time they could be well up again.

tellmeitsfriday - I've just realised - I've got an ISA with LV as well!!!

deano72_2

after reading snippets i gather its not addvisable to open account with a&l then,,i got some money to put into savings account 30k-70k & wanted no ties so was looking at putting into the 6.5% e saver & also opening up a current account @ 8.5% i htink..so anwers in layens/blackwhite terms pls

Banderman

johnbfan wrote: »

I have the free shares in B&B and A&L - I'm not selling. Who knows in ten years time they could be well up again.

Yes and in 6 months time they could be worthless. A&L can't go back up again anyway. They were £12 a while ago, the recent bid was for about £3, that's as good as it's ever going to get.

Jake'sGran

ConstantineXII wrote: »

There seems to be quite a few rough comments against Abbey and "the Spaniards". I've been upset with Abbey in the past, but Santander is one of the top banks in Europe and in the UK we have seen Northern Rock and so on. Allow me to doubt about the British banking skills.

If some people prefer A&L to stay in the "expert" current hands, so be it. The bank is so ""well managed" that it would have become a second Northern Rock (or a third one after B&B). So, A&L wasn't that good and Abbey, according to its growing customer base and profits, isn't doing that bad.

Diana Wright of The Sunday Times Question of Money has said she gets more complaints about Abbey National than from any other financial institution.

Jake'sGran

deano72 wrote: »

after reading snippets i gather its not addvisable to open account with a&l then,,i got some money to put into savings account 30k-70k & wanted no ties so was looking at putting into the 6.5% e saver & also opening up a current account @ 8.5% i htink..so anwers in layens/blackwhite terms pls

Surely the 8.5% account is a monthly saver which works out much less than this at the end of the year. You need to split the amount you are saving to ensure the maximum in one account is not more than £35K. I am using Kaupthing Edge at the moment and have gone for monthly interest. They are signed up to the FSA rules. At the beginning of the forums Martin has an article on the best savings accounts. The following all have instant access and pay over 6%, B & B, A & L and Capital One.