HSBC and RBS considering Merger

brookerbabyisababy

http://www.whatinvestment.co.uk/making-money/share-dealing/news/645736/hsbc-tight-lipped-on-rbs-merger-rumours.thtml

chambta

Can't see it. Wouldn't have thought it was required or a good thing for consumers.

mrmajika

chambta wrote: »

Can't see it. Wouldn't have thought it was required or a good thing for consumers.

True. But then I would have said the exact same thing for HBOS and LTSB.

cbobting

mrmajika wrote: »

True. But then I would have said the exact same thing for HBOS and LTSB.

really?! saving hbos was definately in the interest of the people. the merger was made with the help of the government but in a worse case scenerio the government would have took control as they did with norhten rock.

Tahiti

Now where the HBOS and Lloyds deal has been dealt with via the back door, I cannot see the Government allowing HSBC to do the same with RBS. Who knows in this market?

All I can say is that it seems that rumours are started to allow traders to short markets.

PAULUK08

I thought RBS was owned by Natwest?

_Andy_

PAULUK08 wrote: »

I thought RBS was owned by Natwest?

Think it's the other way round.

Kavanne

_Andy_ wrote: »

Think it's the other way round.

Correct. RBS owns Natwest.

ShelfStacker_3

The Competition Commission would steamroller any such deal. While a takeover of HBOS might have been seen necessary to prevent a catastrophe, both RBS and HSBC are on a sound footing right now and there's no pressing need for consolidation.

Red_Planet

This rumour was mentioned on Newsnight Scotland, as well:

http://www.bbc.co.uk/iplayer/search/?uri=%2Fiplayer%2Fsearch%2F%3Fq%3Dnewsnight%26go%3DFind%2BProgrammes&go=toolbar&q=newsnight+scotland

From the British public's point of view it would be grim (monopolistic); though I believe HSBC don’t have much in Scotland.

BUT I strongly suspect talks are taking place between HSBC and RBS. It would explain a lot of things, such as why neither have got involved in snapping other financial institutions on the cheap - despite invitations. From both banks point of view it seems like a match made in heaven. Two massive banks that would jointly have vast capital at their disposal - and the risks would truly spread around the globe. The new megabank would be united by one feverish desire to expand enormously in Asia.

How to bring it about I don’t know. The government and the credit crunch have helped the other big British banks boost their positions in the global league tables; just one last piece of the jigsaw to fall.

marshmallow79

Just completed a training course for Natwest (owned by RBS) not 5 hours ago and we would have been told if there was going to be any sort of merger with HSBC (we had updated info based on the HBOS Lloyds TSB merger come through during the week).
Don't think there's any truth in this at all!