RBS and NatWest to Split ?

diamonds

pinkdalek wrote: »

That was a LBG decision, and probably one of the worst things they ever did considering the popularity of Halifax and its products in Scotland.

Was it ? thought it was enforced, never did understand BOS like RBS running two retail identities, it costs a lot of money to run one.


Anyway Scotland got left with BOS out of 3 LBG banks/brands, at some point I expect a CEO will whittle Halifax Caladonia to one identity, lay off thousands and save a absolute fortune instead of 3 separate banks in the group, that alone makes LBG shares a good long term investment.


If you read up the history of BOS and RBS at conception its quite interesting.

System

TSB Scotland always was seperate. The commission told LBG that they'd have to dispose of Lloyds TSB Scotland or BOS.

The Halifax branches in Scotland were rebranded or merged with BOS branches during the HBOS period. All LBG did was remove the Halifax branding from Scotland.

PeacefulWaters wrote: »

They were cornered on turning Lloyds TSB Scotland branches to TSB. Pretty much a requirement of the European competition authorities.

They didn't change any Lloyds TSB branches to BOS as far as I'm aware.

System

This post makes even less sense than usual - Halifax Caladonia with thousands of jobs?!

diamonds wrote: »

Anyway Scotland got left with BOS out of 3 LBG banks/brands, at some point I expect a CEO will whittle Halifax Caladonia to one identity, lay off thousands and save a absolute fortune instead of 3 separate banks in the group, that alone makes LBG shares a good long term investment.

diamonds

Heng_Leng wrote: »

This post makes even less sense than usual - Halifax Caladonia with thousands of jobs?!

Is it my fault others cant keep up to my level ? thanks for your rudeness though, it shows your insecurity in yourself and understanding of how organisations, share price and markets work.


Have a good day ahead though

diamonds

Heng_Leng wrote: »

TSB Scotland always was seperate. The commission told LBG that they'd have to dispose of Lloyds TSB Scotland or BOS.

The Halifax branches in Scotland were rebranded or merged with BOS branches during the HBOS period. All LBG did was remove the Halifax branding from Scotland.

LBG removed both english associated brands Lloyds (of London) and Halifax (self explanatory) and went with Bank Of Scotland branding only for Scotland given TSB (Trustee Savings Bank) Bank Scotland PLC (pre Lloyds) was enforced into offhive and sale.

Cheltenham & Gloucester was folded into what became TSB in Scotland (nationally? i think).


Lloyds only had a few Scottish branches prior to the reverse takeover in 1995, I might only have been a pup then but I was paying attention to the news at 8 yrs +, bit of a news sponge geek I was in my younger days

cheesetoast

diamonds wrote: »

LBG removed both english associated brands Lloyds (of London) and Halifax (self explanatory)

Um... Lloyds of London are nothing to do with Lloyds Banking Group

PeacefulWaters

diamonds wrote: »

Was it ? thought it was enforced, never did understand BOS like RBS running two retail identities, it costs a lot of money to run one.


Anyway Scotland got left with BOS out of 3 LBG banks/brands, at some point I expect a CEO will whittle Halifax Caladonia to one identity, lay off thousands and save a absolute fortune instead of 3 separate banks in the group, that alone makes LBG shares a good long term investment.


If you read up the history of BOS and RBS at conception its quite interesting.

The BOS brand is extremely strong in Scotland.

The Halifax brand is extremely strong in England, Wales and Northern Ireland.

The Lloyds brand is extremely strong in England and Wales.

I wouldn't have thought that removing the BOS brand would cut "thousands" of jobs. It would cost them an advert on half of Scotland's bank notes though and pee of many Scots.

Maintaining Halifax and Lloyds as separate brands allows them to maintain a front of competition to regulators and politicians while at the same time targeting different market segments in a way that enables them to optimise pricing and squeeze out profit.

diamonds

cheesetoast wrote: »

Um... Lloyds of London are nothing to do with Lloyds Banking Group

Yes correct, extremely poor explanation by me to not explain in full, I meant brand association not ownership. Lloyds had few Scotland branches when the reverse merger went through but Scotland and its people knew Lloyds of London more than Lloyds Bank and why the takeover became Lloyds TSB as TSB Bank Scotland PLC defined Lloyds of London seperate from Lloyds TSB.


T(rustee) S(avings) B(ank) Bank Scotland PLC was a major faux pas but absorbed Lloyds scottish branches, it was quite a messy reverse takeover, my granny held TSB shares at the time so I remember it all as a (very) young man lol.

diamonds

PeacefulWaters wrote: »

The BOS brand is extremely strong in Scotland.

The Halifax brand is extremely strong in England, Wales and Northern Ireland.

The Lloyds brand is extremely strong in England and Wales.

I wouldn't have thought that removing the BOS brand would cut "thousands" of jobs. It would cost them an advert on half of Scotland's bank notes though and pee of many Scots.

Maintaining Halifax and Lloyds as separate brands allows them to maintain a front of competition to regulators and politicians while at the same time targeting different market segments in a way that enables them to optimise pricing and squeeze out profit.

Indeed, that is why TSB kept it but defined Lloyds as Lloyds TSB as Scotland had little Lloyds Bank branches but public knowledge of unrelated Lloyds of London was massive in Scotland. They joined names for both mainland regions, loyalty on both sides.


BOS is like RBS internationally, damaged.


BOS is now seen as is...a private english company up north... the digesture of TSB as standalone back to Scotland and sold off has done the BOS brand of LLOYDS Banking Group little favour up north...it has taken both Scots banks and let one go to the spanish (remember them and the financial euro problems) and kept both English associated banks Halifax and Lloyds as priority, the english scots divide comes into play.


Brand loyalty is a all time low, and yes them bank notes do help sell the bank, needed because LBG has created damage and a english brand priority over Scotlands two brands...it would have made more sense like the 1995 merger with loyalty to drop the non geographical Lloyds name for sale and keep Halifax and BOS as brands for geographical loyalty, they didnt and to unite LBG UK like Lloyds TSB did in brand a rebrand will have to happen.

A great CEO will use the goodwill both sides of the border in a rebrand and reunity campaign and take the opportunity to save massive amounts in duplications north and south, short term whilst the government owns stakes you are right - to appease government and the authorities it sets up that rebrand and cut cutting measures will not take place and just now a public perception of competing internal banks keeps everyone (but the public and taxpayers) happy like you said.


Them Lloyds shares sold cheap will make a great long term investments, the group has massive savings and integrations to be made when http://www.ukfi.co.uk sells out in full.

PeacefulWaters

diamonds wrote: »

Indeed, that is why TSB kept it but defined Lloyds as Lloyds TSB as Scotland had little Lloyds Bank branches but public knowledge of unrelated Lloyds of London was massive in Scotland. They joined names for both mainland regions, loyalty on both sides.


BOS is like RBS internationally, damaged.


BOS is now seen as is...a private english company up north... the digesture of TSB as standalone back to Scotland and sold off has done the BOS brand of LLOYDS Banking Group little favour up north...it has taken both Scots banks and let one go to the spanish (remember them and the financial euro problems) and kept both English associated banks Halifax and Lloyds as priority, the english scots divide comes into play.


Brand loyalty is a all time low, and yes them bank notes do help sell the bank, needed because LBG has created damage and a english brand priority over Scotlands two brands...it would have made more sense like the 1995 merger with loyalty to drop the non geographical Lloyds name for sale and keep Halifax and BOS as brands for geographical loyalty, they didnt and to unite LBG UK like Lloyds TSB did in brand a rebrand will have to happen.

A great CEO will use the goodwill both sides of the border in a rebrand and reunity campaign and take the opportunity to save massive amounts in duplications north and south, short term whilst the government owns stakes you are right - to appease government and the authorities it sets up that rebrand and cut cutting measures will not take place and just now a public perception of competing internal banks keeps everyone (but the public and taxpayers) happy like you said.


Them Lloyds shares sold cheap will make a great long term investments, the group has massive savings and integrations to be made when http://www.ukfi.co.uk sells out in full.

My honest opinion?

I think you're wittering a bit.