Can you link to these figures?
Figures I see for 2008 show RBS to have $1,705.680b of assets. Either they've lost a lot of some sources have some inventive figures!
LloydsTSB and HBOS in merger talks
- Thread starter Burnsy2023
- Start date
Can you link to these figures?
Figures I see for 2008 show RBS to have $1,705.680b of assets. Either they've lost a lot of some sources have some inventive figures!
Well I'm afraid that RBS are the only ones who think they are number 1.
The Economist, Bankwatch, forbes and numerous other places all beg to differ!
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Hang on, I'll scan the page in...
Cool, would be good to see. I don't doubt it is accurate - one thing I have noticed in every online and paper source is all the figures vary wildly. However, they do all put HSBC top.....
Hang on, I'll scan the page in...
edit: here it is:
edit 2: is that readable??
Yes, it says Starbucks is the worlds biggest bank*
* No !
The reason shares are so depressed is market sentiment, at the moment market sentiment in the finicial markets around banks and finacial institution is very low, short/medium term sentiment can have a big impact on share prices.
All this market turmoil is nothing new, remember the dot come bubble bursting, the UK being forced forced out the ERM?, at the moment all banks are taking a battering but the shares are hugely oversold IMO, banks that are solid, like barclays, HSBC, RBS could well come out of this crisis stronger than before with less competition and bigger global reach, Barclays are looking to buy up some of Lemans US operations
Of course at the moment, it's a case of sitting tight and holding your nerve if you have shares in these companies, i bought some more RBS shares yesterday as the bank is very profitable and fundamentally sound, all the headline talk of RBS first loss was a classic example, the bank did make a loss as it had to write down the value of some US market related investments (subprime) yet if you look beyond that exceptional loss the bank made over 5 bil profit down only 3% on the year before for the first half of the year
I remember houses being dirst cheap in 1992, not so cheap now even in the middle of this crisis, now is the time IMO to invest in good quality banking stock, it's all about risk at the end of the day and everything you do has risk from buying a house to picking were you work to choosing a career shares are no differant and right now bank shares look a good prospect for a few years down the line when the current recession blows over and there back to raking in billions every year to turn a nice tidy profit
All this market turmoil is nothing new, remember the dot come bubble bursting, the UK being forced forced out the ERM?, at the moment all banks are taking a battering but the shares are hugely oversold IMO, banks that are solid, like barclays, HSBC, RBS could well come out of this crisis stronger than before with less competition and bigger global reach, Barclays are looking to buy up some of Lemans US operations
Of course at the moment, it's a case of sitting tight and holding your nerve if you have shares in these companies, i bought some more RBS shares yesterday as the bank is very profitable and fundamentally sound, all the headline talk of RBS first loss was a classic example, the bank did make a loss as it had to write down the value of some US market related investments (subprime) yet if you look beyond that exceptional loss the bank made over 5 bil profit down only 3% on the year before for the first half of the year
I remember houses being dirst cheap in 1992, not so cheap now even in the middle of this crisis, now is the time IMO to invest in good quality banking stock, it's all about risk at the end of the day and everything you do has risk from buying a house to picking were you work to choosing a career shares are no differant and right now bank shares look a good prospect for a few years down the line when the current recession blows over and there back to raking in billions every year to turn a nice tidy profit
Apologies for the poor quality! Vanilla, have emailed copies of the pic to the address in your trust
edit: Just got this emailed to me - new company logo?
I call BS. Lowly staff won't know this information, and the FSA wouldn't lie
haha thanks for putting a smile on my face. Speaking as someone who has had direct dealings with the FSA at a variety of levels in my past job roles they are anything but whiter than white
That said I dont believe that HBOS are in trouble per se, they are just a victim of a shaky market combined with rampant media speculation and ruthless shorting by some of the larger hedge funds.
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Indeed, I know they are - but to assert that the FSA would say one of the biggest banks in the UK are in sound grounding when they are actually in trouble:
1) Wouldn't happen
2) Is completely illegal
3) Would destroy our foreign economic trusts
1) Wouldn't happen
2) Is completely illegal
3) Would destroy our foreign economic trusts
Well thanks for rubbishing my comment there.
Firstly, where did I suggest they were "lowly staff". Secondly, why would I, my friends or family make that up? They were told in a meeting that there would be cuts and job losses but to not inform the public of this. One of my mates work in Halifax estate agency and he has effectively been forced out of his job recently due to the decrease in the market and falling profits.
I am sorry for being rude (I know it was). However, how do job cuts equate to being "in financial difficulty"? The job cuts are simple sensible measures following the merger of two banks who have branches next to each other, nearly everywhere.
That cannot be used to assert that HBOS was in financial trouble.
Well I have friends and family in HBoS who were told nothing?
Infact one accusation levelled is that the board of HBoS did very little with regards to informing staff yesterday, with most staff hearing what was going on from customers coming in off the streets.
soo moot
As far as I can remember it wasn't just along those lines. Friends said it was the cover up element that made it all a bit sussed. What I shall have to do is have a chat with them and see what they were told word for word. Will have to wait though, they're on holiday (using up his leave before he gets the sack).