HBOS/Lloyds TSB merging

cogito

BBC have just announced

OrkneyStar

cogito wrote: »

BBC have just announced

Wow that was quick (your post I mean not the merger idea).
It's Robert Peston again though .
I will be interested to see what happens with this! Presumably talks must be quite advanced if they are allowing Mr Peston to tell us!!

The_One_Who

Having never been old enough to understand about mergers or anything what does this mean for your average Joe?

bristolleedsfan

OrkneyStar wrote: »

Presumably talks must be quite advanced if they are allowing Mr Peston to tell us!!

I would presume the opposite, that the phrase "advanced talks" is "smoke and mirrors".


http://www.thisismoney.co.uk/news/article.html?in_article_id=452187&in_page_id=2&ct=5

"The dramatic fall led the Government to issue an unprecedented statement of confidence in the company. But two rival banks, HSBC and Lloyds TSB, are understood to have been lined up as potential buyers if a rescue takeover is needed. "

Milarky

The head spins keeping track with all these developments. And to think.. it could have 'angry' Jeff Randall who got all these juicy stories out if only he'd still been around longer.. and went to the same public school..

("..The city boys will be dinning out tonight...!")

purch

if only he'd still been around longer.. and went to the same public school..

.....or had 1/2 a clue what he was talking about !!!!

(at least Peston appears to have just about 1/2 a clue..........and the bloke with the big ears about 55% of a clue)

OrkneyStar

Quote:
Originally Posted by OrkneyStar
Presumably talks must be quite advanced if they are allowing Mr Peston to tell us!!

Quote:
Originally Posted by bristolleedsfan
I would presume the opposite, that the phrase "advanced talks" is "smoke and mirrors".

http://www.thisismoney.co.uk/news/ar...ge_id=2&ct= 5

"The dramatic fall led the Government to issue an unprecedented statement of confidence in the company. But two rival banks, HSBC and Lloyds TSB, are understood to have been lined up as potential buyers if a rescue takeover is needed. "

---

I take it my sarcasm went unnoticed then.
x

OrkneyStar

purch wrote: »

.....or had 1/2 a clue what he was talking about !!!!

(at least Peston appears to have just about 1/2 a clue..........and the bloke with the big ears about 55% of a clue)

Who he ? :cool:

6022tivo

HBOS Share price has jumped from a low at 9am of 88 to a current 214...

robpw2

yes course it would lol
there probs isnt a merger but hsbos need their share price to rise
so a selected few good news stories leaked to the press get the price rising
its a typical pr excercise
besides our friends at the monopolies and mergers commision wouldnt allow such a huge merger

6022tivo

robpw2 wrote: »

besides our friends at the monopolies and mergers commision wouldnt allow such a huge merger

Normally yes, but as HBOS was freefalling this morning down to 88p, it looked DOOMED.....

They may have to allow a merger or the bank could fold costing tax payers billions..