Why has my bank not been mantion during this current crisis?

My_head_hurts

BYALPHAINDIA wrote: »

There is in fact 'No' major Financial crisis, It's all Media Spin

:rotfl:

The reason the Halifax & the Bradford & Bingley went under ...

Halifax (or more correctly, HBOS) have not 'gone under' - a takeover by LTSB has been OK'd by the respective managements and the government, but as of today HBOS is still trading as a separate entity.

As opose to LTSB A&L etc who have exemplerary records.

In case you hadn't noticed, A&L have been taken over by Abbey/Santander.

BYALPHAINDIA

It is still classed as a 'Failure'

ShelfStacker_3

My_head_hurts wrote: »

In case you hadn't noticed, A&L have been taken over by Abbey/Santander.

That's not because of the credit crunch, is it though? Given their quite rapid growth (thanks in no small part to people bigging up their interest rates/£100 incentives/free overdrafts) I could understand Santander wanting a part of that action. It gives a huge number of customers and deposits to Santander as well, given A&L's Girobank heritage and also their very successful business operating collection accounts for bill payments and such (take a look at some of your bills sometime, you're bound to see an A&L logo on at least one of them.)

michaels

ShelfStacker wrote: »

That's not because of the credit crunch, is it though? Given their quite rapid growth (thanks in no small part to people bigging up their interest rates/£100 incentives/free overdrafts) I could understand Santander wanting a part of that action. It gives a huge number of customers and deposits to Santander as well, given A&L's Girobank heritage and also their very successful business operating collection accounts for bill payments and such (take a look at some of your bills sometime, you're bound to see an A&L logo on at least one of them.)

Ha Ha HA - A&L were on a one way trip to Northern Rock / B&B land if the Santander takeover had not gone through, even the directors said so.

kelloggs36

Halifax are one of the worst banks I have ever encountered for customer service and compassion.

BYALPHAINDIA

Yup, And the 'Brains Of A Pork Pie':rolleyes:

PaulW922

HSBC - which is what this thread was originally about - are different to other banks in another way too. They are the only one of the major institutions that has more customers funds on deposit than they have lent out.

zx2011

HSBC Holdings plc has just given HSBC Bank plc some £750,000,000.

Edinburghlass_2

BYALPHAINDIA wrote: »

Yup, And the 'Brains Of A Pork Pie':rolleyes:

Why are you still with Halifax if you feel this way

http://forums.moneysavingexpert.com/showpost.html?p=14167637&postcount=5

scott_lithgows

There was a list of the 8 "most safest banks + BS,s" in the Mail on Sunday today. HSBC got a mention as well as Nationwide,Coventry and Yorkshire BS