Will you be buying shares in Lloyds TSB?

Decadent_Fool

ozzage wrote: »

I certainly expected the APS announcement days ago, which would (probably) have led to a very different week. But with the whole market collapsing who knows really?

If the market stabilises then I think we'll see the price rise again even without the announcement. Might be better now if the APS announcement doesn't come until that happens.

I agree; I wish they'd pull their bloody finger out Not been a good week at all, but still holding out for the long-term:cool:

FoxtonsRIP

Decadent_Fool wrote: »

I agree; I wish they'd pull their bloody finger out Not been a good week at all, but still holding out for the long-term:cool:

you'll have to buy some lloyds shares first before you can join the party.

The_MoneySavingKid

http://news.bbc.co.uk/1/hi/business/7927415.stm

sabretoothtigger

[FONT=verdana,arial,helvetica,sans-serif]
The U.K. government is close to a deal to insure up to GBP250 billion in assets at Lloyds Banking Group PLC (LLOY.LN), BBC reported Thursday, citing Treasury sources. The deal would increase the U.K.'s stake in the bank from 43% to 60%, since the government would exchange some of its non-voting shares for regular ones and also acquire more non-voting shares, according to the report. The plan has yet to be finalized and is unlikely to be announced before Friday afternoon.
[/FONT]

[FONT=verdana,arial,helvetica,sans-serif]Full story at http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/2/hi/business/7927415.stm?ad=1[/FONT]

soulsaver

sabretoothtigger wrote: »

[FONT=verdana,arial,helvetica,sans-serif]Full story at http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/2/hi/business/7927415.stm?ad=1[/FONT]

I don't suppose Vince C is bothered, but for me he is loosing his well earned cred with calls for the banking system to be nationalised in total...

Andrew64

The Financial Times says it could be 70%. I knew no good would come of this merger - that's why I sold my Lloyds TSB shares 3 months ago. (The Lloyds shareprice is currently just 40p!).

http://www.ft.com/cms/s/0/29514d4c-09df-11de-add8-0000779fd2ac,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html

The enormity of Lloyds’ ill-fated takeover of HBOS will be exposed on Friday, as the bank’s board considers a Treasury rescue plan that could see the taxpayer take an economic stake of about 70 per cent in the merged bank.

1984ReturnsForReal_2

soulsaver wrote: »

I don't suppose Vince C is bothered, but for me he is loosing his well earned cred with calls for the banking system to be nationalised in total...

Barclays are closing his account!

NPowerUser

Lloyds to become state owned and join the asset scheme.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2645541

Lloyds is still haggling over the deal and is unhappy that it will become fully state-owned, but the dire financial state of HBOS may mean it has little option but to agree.

FoxtonsRIP

The 2 idiots at the head of lloyds have got to go now surely. They've ruined a perfectly good bank by taking over a toxic rubbish bank Hbos.

sh856531

soulsaver wrote: »

I don't suppose Vince C is bothered, but for me he is loosing his well earned cred with calls for the banking system to be nationalised in total...

Well I can see why he's calling for it. We've effectively nationalised the loses but have only say 50% in any upside. The banks are effectively bankrupt and we're picing up the tab anyway - so why not just take them over and be done with it?

I don't agree with him that all banks should be nationalised, but I don't understand why they haven't done it to RBS and perhaps Lloyds. We're dealing with all their loses anyway

:-(