Sorry to be a bore - but will HBOS be fine for another 9 days?

domcastro

9 days to go until my money is safe. Started to feel "funny" and nervous about it all again. A lot can happen in 9 days! From reading these posts the Lloyds shareholders look like they'll be voting No to the takeover. When's this happening? In more than 9 days I hope

sabretoothtigger

The most votes & shares are held with institutions who will vote yes because they are invested in both banks, simple as that

You've no reason to worry either way when the government has agreed to back the banks capital requirements, it'll effect profits i guess but they'll not go broke now

opinions4u

A tiny minority of shareholders are individuals, therefore it's what the institutions think that matters.

Assuming they look beyond the short term issues, they will see big market power going forwards combined with significant cost savings. It's a good deal for Lloyds and a necessary deal for HBOS.

If it falls through for any reason, HBOS will not be allowed to fall - the political fallout of the country's biggest savings provider collapsing would mean Labour not being re-elected again in our lifetime.

In other words, your money is safe.

My personal preference would be for HBOS to survive independently. It has, from a consumer perspective, delivered far more competition to the market place than any of the big banks over the past few years. Unfortunately from the point of view of confidence, I don't think they could survive without the merger or the government.

It is interesting that the nationalised Northern Rock is comfortably managing to repay the government bail-out. A three-quarters or fully nationalised HBOS would be able to achieve the same.

Don't lose any more sleep over your savings.