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TSB takeover approach

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Comments

  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    jonesMUFCforever wrote: »
    It's theirs to ruin isn't it?
    A debt free bank must be unique in the world.

    Is it debt free?

    I suspect it will be a good thing for customers, if they follow further in Santanders steps hopefully they will be able to offer better products.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Paul_1977 wrote: »
    Is it debt free?
    TSB financials are available on the web, you can see for yourself: http://www.tsb.co.uk/investors/results-reports/
    Paul_1977 wrote: »
    I suspect it will be a good thing for customers, if they follow further in Santanders steps hopefully they will be able to offer better products.
    What has Santander got to do with TSB/Sabadell? Expecting them to do the same is like expecting all UK-owned banks would do the same.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Paul_1977 wrote: »
    Is it debt free?

    I suspect it will be a good thing for customers, if they follow further in Santanders steps hopefully they will be able to offer better products.

    When it split from Lloyds all previous bad debts stayed with Lloyds.
    Since it has been trading little over a year it would take very poor management to mess it up this early!:D
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    colsten wrote: »
    TSB financials are available on the web, you can see for yourself: http://www.tsb.co.uk/investors/results-reports/

    What has Santander got to do with TSB/Sabadell? Expecting them to do the same is like expecting all UK-owned banks would do the same.

    I will leave you to answer that.;)

    I was only suggesting it.

    I thought HSBC was the only bank that could cover its debts. You learn something new everyday.
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    jonesMUFCforever wrote: »
    When it split from Lloyds all previous bad debts stayed with Lloyds.
    Since it has been trading little over a year it would take very poor management to mess it up this early!:D

    As long as they don't start trading like Barings bank.:D
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Paul_1977 wrote: »
    I will leave you to answer that.;)
    Huh?? It was you who made a link between Santander and Sabadell/TSB. But I see you can't answer the question, which seems to confirm that there is no reason for assuming or hoping Sabadell will do what Santander does/did. Banks, like other companies, thrive by differentiating themselves from their competitors.
  • ColdIron
    ColdIron Posts: 10,026 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    jonesMUFCforever wrote: »
    A debt free bank must be unique in the world.
    Indeed, issuing debt (aka borrowing) is what banks do. What do you suppose they lend? :)
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    colsten wrote: »
    Huh?? It was you who made a link between Santander and Sabadell/TSB. But I see you can't answer the question, which seems to confirm that there is no reason for assuming or hoping Sabadell will do what Santander does/did. Banks, like other companies, thrive by differentiating themselves from their competitors.

    They are both banks which have been taken over by the Spanish.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Paul_1977 wrote: »
    They are both banks which have been taken over by the Spanish.
    Sweet.

    The sun is shining over the North Pole and over the Sahara.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ColdIron wrote: »
    Indeed, issuing debt (aka borrowing) is what banks do. What do you suppose they lend? :)

    You know I meant bad debt free.:p
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