HBOS shares

setmefree

I would wait a bit to see how the day pans out, but myself i wouldnt invested in anything.
We are about to hit a big recession, and all those people who in the past said nah we are o.k, are now stating the opposite..

agent_orange_2

recovering to only 26% down.

sabretoothtigger

krissy08 wrote: »

is this a good time to buy HBOS shares? I am thinking of dabbling in the market also whats the best way of buying

Better time then before yea, just dont invest money you cant afford to 'spend'


35k savings is as safe this week as it was last week, same as any other uk bank

greyskittles

Yeah I know about the £35K covered by the FSCS but my dad has over £70K with Halifax at the moment and he doesn't seem to be listening when I tell him to shift some of it, even though I have tried telling him that they are risky.

napoleon

Savings probably safe, shareholders probably fooked.

obsessed_saver

BoE will nationalise HBOS, and then merge with Northern Rock. Soon, there will only be one Bank of England giving direct services to end-customers.

agent_orange_2

What I have noticed is, the bbc 2 radio news haven't mentioned the 30% (at one point) drop in hbos share price. I reckon the media don't want to set of a panic
amongst savers like they did with NR

setmefree

agent_orange wrote: »

recovering to only 26% down.

Thats because of the announcement of £5 billion that has just been injected by the B of E... but we have seen it all before, wait until wall street starts trading then a clearer picture will form

Gwhiz

How will this affect things like savings at other HBOS companies like B. Midshires?

setmefree

greyskittles wrote: »

Yeah I know about the £35K covered by the FSCS but my dad has over £70K with Halifax at the moment and he doesn't seem to be listening when I tell him to shift some of it, even though I have tried telling him that they are risky.

The problem is that many people are now thinking no worries the Government will step in, but they cant keep bailing out the Banking Industry..Britain isn't in the best of shape at the moment and if it carries on its swift decline regarding different industries there will be no revenue to keep the money pot full to bail out the Banks if you know what i mean.