Halifax Going Down?

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If everyone started to withdraw their money from these banks then there WILL be a problem! Banks dont even have a fraction of the money that they appear to have in physical form at any given moment
 
do you and your dad live in seperate caves, or have you moved out? maybe to a small shared cave in the city?
 
We should all club together and make a new bank. Just for ourselves. The Bank of OcUK. No apr, nor fees or anything, just a pit to put your money. It will depreciate though :(
 
FrostedNipple said:
i took out a student acount with halifax just to get at the 0%apr 500 quid overdraft, that is now sitting nicely in my barclays isa...did i kill HBOS?
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Rofl they wouldn't give a student acount last year because i was in 'college' and not 'uni'.

Fools.
 
when Lloyds bought out C&G they gave me £500 and a nice amount of interest on whatever I had in the account. Hope they do they same this time :)
 
triggerthat said:
I cannot find anything about this online.
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Urm, did you *look*? Did you type Halifax in BBC News, Google News? Watch a news report in the last few days?


sist_si said:
isn't the new merged company the biggest financial company in the UK now anyway? If so they're not gonna go anywhere soon.
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Being 'big' doesn't imply increased viability, big organisations fail as well as small ones.

Floyd said:
Anyone else noticed that the only people who seem worried about this and seem intent on causing a bank run are old people. When Northern Rock were having trouble earlier in the year they interviewed some of the people trying to withdraw their money and the vast majority of them must have been over 60 and most of them probably had a lot less than 35k! Silly old people.
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I bet people in their 60s with savings accounts have more in them on average than people in their 20s.
 
GFiSH said:
when Lloyds bought out C&G they gave me £500 and a nice amount of interest on whatever I had in the account. Hope they do they same this time :)
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No chance. C&G were a building society, by having an account of some sort with them, you were in effect a shareholder of C&G and therefore entitled to a share of the money Lloyds bought them with.

HBOS is a bank, so its shareholders and not account holders will get a payout this time - in the form of Lloyds shares.
 
Agreed. There's no de-mutualisation this time, so no payouts. Most all building societies now have account clauses that will prevent payouts to all but the most long-term customers, so it seems that era is passed.
 
Berserker said:
Agreed. There's no de-mutualisation this time, so no payouts. Most all building societies now have account clauses that will prevent payouts to all but the most long-term customers, so it seems that era is passed.
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Which is a good thing. It's no coincidence that the four British banks in the most trouble (NR, B&B, A&L, and HBOS) have all demutualised in the recent past.
 
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