Do you think the Halifax will ever be a bank if it’s own again?

meer53

Why do you ask ? Can't say i'm bothered really. And a debit card is just a means of getting stuff, whats on it is irrelevant.

Alter_ego

I wasn't aware that Halifax was ever a bank on it's own. Have I missed something?

dawyldthing

I’m sure it was as my Nan got dividends when they sold due to having a mortgage with them. Going back 20 years now it must be

knack92

Alter_ego wrote: »

I wasn't aware that Halifax was ever a bank on it's own. Have I missed something?

It was for about 10 years after it demutualised, albeit a subsidiary of HBOS.

worried_jim

jonesMUFCforever wrote: »

The problem is that Lloyds banking group now is very profitable but the share price is the pits! (59p as I write).
Shareholder pressure might force the board to do something if it does not recover over the next 2 years or so - who knows?

Tell me about it! I've got 1000's of them. Fortunately as a staff member I buy them at a discount, just entered into a new contract yesterday to buy a few 1000 more in three years @ 40p each. Fingers crossed, or I'll never get the Porsche at this rate!

I did meet (for the first time) the CEO, Antonio, last month and he certainly gave me the impression he knows what he is doing and has a solid vision for the bank. Also has some interesting views on Brexit, 90% there will be a deal but it will go right down to the wire. Overall he was a pretty cool chap.

Westie983

worried_jim wrote: »

Tell me about it! I've got 1000's of them. Fortunately as a staff member I buy them at a discount, just entered into a new contract yesterday to buy a few 1000 more in three years @ 40p each. Fingers crossed, or I'll never get the Porsche at this rate!

When was this new share save launched? I thought they offered them out at the end of the year, 40p is better then 2017's 60p.

**Edit I have just logged on to the portal and seen the application option.

Westie983

Alter_ego

knack92 wrote: »

It was for about 10 years after it demutualised, albeit a subsidiary of HBOS.

So not a bank on it's own ever.

EarthBoy

Alter_ego wrote: »

So not a bank on it's own ever.

Halifax was a bank on its own from 1997, when the building society converted to a public limited company, until 2001 when it was bought up by the Bank of Scotland and became a subsidiary of HBOS. In 2006 it was merged into Bank of Scotland completely and ceased to exist legally, other than as a trading name of Bank of Scotland.

So to answer your question, it was a bank on its own, with no ties to any other bank, from 1997 to 2001.

knack92

Alter_ego wrote: »

So not a bank on it's own ever.

It was Halifax plc for that time and had its own banking licence. Slight error in my previous post - it became part of HBOS in 2001 so for four of the 10 years it was a bank completely on its own.

worried_jim

Westie983 wrote: »

When was this new share save launched? I thought they offered them out at the end of the year, 40p is better then 2017's 60p.

**Edit I have just logged on to the portal and seen the application option.

Westie983

First salary deduction is in December.