HBOS - what's happening?

posh*spice

GDB2222 wrote: »

I'm sorry to be so clueless, but do they?

lol :rotfl::rotfl::rotfl:

posh*spice

DocMartin wrote: »

I've just cleared out my BOS savings account via CHAPS (£25 fee) using telephone banking and have been told it will be in my other account tomorrow. Otherwise it would have taken until Monday!

Now that's pessimistic - you don't even think HBOS customers have 5 days....the real stampede hasn't srarted yet IMHO

GDB2222

posh*spice wrote: »

lol :rotfl::rotfl::rotfl:

That response is just typical of this forum. You bare your soul, and see what happens. Anyway, I can't stand watching football. Sorry.

posh*spice

GDB2222 wrote: »

That response is just typical of this forum. You bare your soul, and see what happens. Anyway, I can't stand watching football. Sorry.

ahhhh soooooo sorry;)

dad-of-4

aparently the FSA are saying somone started a nasty roumour the HBOS here were talking to the BOE this afternoon, cap in hand looking for a some money.

FSA are not impressed recon its all a lie and are investigating to find out the source.

manwhile the BOE seem to be saying nothing to confirm the truth......

wich i expect is the only thing that would have stopped a false roumour in in its tracks...

ruggedtoast

All bets are off now. According to a thread over on HPC, the credit default swaps (or something) which prices how risky each bank is to loan to indicate HSBC and Nationwide are among the safest. Nationwide doesnt actually rank because its so well capitalised it doesnt use wholesale debt.

Ive been umming and aahing over this very issue as if I move my savings out of HSBC I lose all the interest for that month, but Im beginning to think for peace of mind its probably worth it.

One things for certain; if a retail bank goes down and the government dont cover all their depositors like they did with NR its going to be absolute carnage out there. I also predict the Post Office is going to become quite popular.

Plasticman

dad-of-4 wrote: »

aparently the FSA are saying somone started a nasty roumour the HBOS here were talking to the BOE this afternoon, cap in hand looking for a some money.

FSA are not impressed recon its all a lie and are investigating to find out the source.

manwhile the BOE seem to be saying nothing to confirm the truth......

wich i expect is the only thing that would have stopped a false roumour in in its tracks...

That happened back in March:

http://www.guardian.co.uk/business/2008/mar/20/creditcrunch.hbosbusiness

I haven't seen anyting more recent - do you have a link?

As Standard & Poor's have cut their rating, it looks like more than rumour this time.

Walletwatch

dopester wrote: »

I pulled the savings I had with HBOS back in August 2007 after reading

While I can see your reasons for doing so, this is something almost every prominent bank will invariably have. The problem with these so-called SPVs (Special Purpose Vehicles) is the historically poor regulations on the need to disclose them, although these have undergone transformation over the past few years.

moneymass

DocMartin wrote: »

I've just cleared out my BOS savings account via CHAPS (£25 fee) using telephone banking and have been told it will be in my other account tomorrow. Otherwise it would have taken until Monday!

Out of interest, where did you put it?

Microstar_2

amcluesent wrote: »

> Its not Brown's concern.<

Clown had a policy of creating an asset bubble in the SE housing market, and while everyone felt wealthy, channelled uncounted ££ billions to the traditional Labour heartlands in Wales, Scotland, the NE. He needed the asset bubble to be a diversion while he implemented the usual Labour policy of squandering taxation from the productive sector on the wastrels.

Crash Gordon is directly responsible for the shambles we are now in. Over a decade he controlled fiscal policy, regulatory framework, created perverse incentives by a massive increase in tax-law and, of course, relied on financial wheezes for his own off-balance sheet accounting of the public finances.

Sorry, much as I dislike Brown I'm afraid you are posting nonsense. The asset bubble was global, not confined to the south-east, and Brown was nothing but a bit-part actor in it. The notion that Brown is responsible for the house-price bubble is bonkers. Difficult to see how he could have stopped it, even if he's wanted to. Can you imagine the fury that the right-wing press would unleash upon ANY government which sought to limit house price inflation? The next housing bubble is probably less than 10 years away and no politician of any party will step in to contain it, that would be political suicide.