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MSE News: Lloyds and TSB to split: what it means for you

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Comments

  • rb10
    rb10 Posts: 6,334 Forumite
    Heng_Leng wrote: »
    HBOS doesn't and never had a banking licence.

    Yes it has ... under the name Bank of Scotland Plc (but including Halifax, BoS, BM, etc).
  • Dr_Cuckoo3
    Dr_Cuckoo3 Posts: 1,398 Forumite
    rb10 wrote: »
    Yes it has ... under the name Bank of Scotland Plc (but including Halifax, BoS, BM, etc).

    What about Lloyds Banking Group - do they have a banking licence ?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Dr_Cuckoo3 wrote: »
    What about Lloyds Banking Group - do they have a banking licence ?
    I don't think that they do as the sum total of the subsidiaries equal the Banking group.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Dr_Cuckoo3 wrote: »
    What about Lloyds Banking Group - do they have a banking licence ?
    They operate several banking licences.

    Lloyds TSB
    Lloyds TSB Scotland
    Bank of Scotland
    Scottish Widows Bank

    are the ones that come to mind.
  • Dr_Cuckoo3
    Dr_Cuckoo3 Posts: 1,398 Forumite
    opinions4u wrote: »
    They operate several banking licences.

    Lloyds TSB
    Lloyds TSB Scotland
    Bank of Scotland
    Scottish Widows Bank

    are the ones that come to mind.

    Thanks - I was interested to know if they held the banking licence under the name Lloyds Banking Group Company No. SC095000

    as an earlier post suggested that HBOS Company No. SC218813 had never held a banking licence and was replied to stating it has one under the name Bank of Scotland Plc (but including Halifax, BoS, BM, etc)
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • EarthBoy
    EarthBoy Posts: 3,213 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Dr_Cuckoo3 wrote: »
    Thanks - I was interested to know if they held the banking licence under the name Lloyds Banking Group Company No. SC095000

    As you can't open an account with that company, only with one of its subsidiaries, it suggests that the answer to your question is no, they don't have a banking licence.
  • Dr_Cuckoo3
    Dr_Cuckoo3 Posts: 1,398 Forumite
    EarthBoy wrote: »
    As you can't open an account with that company, only with one of its subsidiaries, it suggests that the answer to your question is no, they don't have a banking licence.

    The purpose of my post was to query the answer given in respect to HBOS earlier in this thread
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • rb10
    rb10 Posts: 6,334 Forumite
    Dr_Cuckoo3 wrote: »
    The purpose of my post was to query the answer given in respect to HBOS earlier in this thread

    To back up my answer earlier (re Bank of Scotland Plc), see here.

    This site lists all firms that are authorised by the PRA - BoS is on there (click 'names' to see that Halifax, BM, IF etc all fall under this authorisation).
  • System
    System Posts: 178,354 Community Admin
    10,000 Posts Photogenic Name Dropper
    LBG doesn't operate banking licences nor did HBOS.
    They own/owned companies that have operate banking licences.

    Lloyds TSB Bank plc and Bank of Scotland plc are not the same entity as Lloyds Banking Group plc [or each other for that matter].
    opinions4u wrote: »
    They operate several banking licences.

    Lloyds TSB
    Lloyds TSB Scotland
    Bank of Scotland
    Scottish Widows Bank

    are the ones that come to mind.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,354 Community Admin
    10,000 Posts Photogenic Name Dropper
    You said HBOS plc has/had a banking licence?

    I have still seen no evidence of this as Bank of Scotland plc isn't HBOS plc.
    rb10 wrote: »
    To back up my answer earlier (re Bank of Scotland Plc), see here.

    This site lists all firms that are authorised by the PRA - BoS is on there (click 'names' to see that Halifax, BM, IF etc all fall under this authorisation).
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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