TSB - new bank for the UK

callum9999

pqrdef wrote: »

Apparently staff have been told to watch out for people doing this - implying that Lloyds will reject applications from ex-customers wanting to switch back, for a time.

According to who exactly, that sounds absurd...

While Lloyds can't be seen to encourage anyone to switch back to them, I find it incredibly hard to believe that they are going to start blacklisting ex-customers.

simax

realaledrinker wrote: »

Not sure what your definition of a new bank is, but this one will be ringfenced from Lloyds and will operate in very much stand alone mode until it either is floated onto the Stock Exchange or trebles the size of a small, regional bank.

The old TSB had nothing to do with Lloyds either..... so not "new" is it?

System

The Scottish branches [ Lloyds TSB Scotland ] are already a separate bank. The English/Welsh verde branches will be bolted on.

Lloyds TSB doesn't have any branches in Scotland, Lloyds bank customers will have to transact at BOS.

pqrdef wrote: »

What about customers who do want to switch? Suppose my account isn't being sold, but my local branch is being sold. (This would include all customers in Scotland whose account is at a non-Verde branch in England).

These customers haven't had letters. Are they on the radar? Or will they just turn up at their usual branch one day and find the staff won't talk to them? Or a big sign on the door "Lloyds customers !!!!!! off"?

JuicyJesus

simax wrote: »

The old TSB had nothing to do with Lloyds either..... so not "new" is it?

The new TSB is not the old TSB, though. It will have a substantially different set of branches, mostly different staff, different products and different management. The only thing new-TSB and old-TSB have in common is the name and logo.

It's an interesting enough idea, although in my view it should have been floated on its own rather than immediately sold to the Co-op.

zagubov

Takes a deep breath.

Wasn't the TSB originally set up as an ownerless bank.
And when the Tories wanted to privatise it didn't they get it it to be owned by its customers?
Did it briefly become a co-op at that point?
And did it then go public, with the customers getting more money?
And now becoming taken over by another co-op?

And the F'ing point of all this faffing about is..........:mad:

JuicyJesus

zagubov wrote: »

Takes a deep breath.

Wasn't the TSB originally set up as an ownerless bank.
And when the Tories wanted to privatise it didn't they get it it to be owned by its customers?
Did it briefly become a co-op at that point?
And did it then go public, with the customers getting more money?
And now becoming taken over by another co-op?

And the F'ing point of all this faffing about is..........:mad:

Not really. It wasn't ownerless, it was a kind of mutual, and it wasn't floated to be owned by its own customers, it was just floated on the stock market as with every other privatisation.

antrobus

JuicyJesus wrote: »

Not really. It wasn't ownerless, it was a kind of mutual, and it wasn't floated to be owned by its own customers, it was just floated on the stock market as with every other privatisation.

No really, it was ownerless.

Read this - http://www.solhaam.org/articles/tsb.html

Jaycee_Dove

Anyone interested should look at the other thread on this page about the LLoyds/Coop switcheroo. I have posted details of a written reply today from the bank explaining how difficult it will be if you are effected by the move and want to stay with Lloyds/TSB. They are seemingly making it easy to go to the Coop and very tough to stay in order (I assume) to make sure most people just give up and agree to be sold on.

callum9999

Jaycee_Dove wrote: »

Anyone interested should look at the other thread on this page about the LLoyds/Coop switcheroo. I have posted details of a written reply today from the bank explaining how difficult it will be if you are effected by the move and want to stay with Lloyds/TSB. They are seemingly making it easy to go to the Coop and very tough to stay in order (I assume) to make sure most people just give up and agree to be sold on.

As I just replied in the other thread, the reason they are doing it (though I'd dispute it's remotely tough - you go to the website and make an application for a new account, that's it...) is because that was a precondition to them getting state aid - not because they actually want people to move to the Co-op (why on earth would they!?).

System

antrobus wrote: »

No really, it was ownerless.

Read this - http://www.solhaam.org/articles/tsb.html

The despot Milk Snatcher and cronies sold something they never owned.
No surprise there.