Been a lot of articles on the net, mostly times and independent online talking that the current CEO of HBOS was too young and gung ho (Andy Hornby) to be at the helm of HBOS.
Coming as the top man at ASDA and bringing his supermarket sell at all costs attitude /experience and his marketing campaign to use HBOS counter staff in TV ads has not paid dividend, and the much cautious Lloyds /TSB have managed to take over what was once the UK’s largest mortgage provider at a very reasonable price.
Slow and steady wins the race, however remains to be seen just how much further the rabbit hole goes in the current financial world, more to come yet…….
Still, great time to get yourself some HBOS shares…. Well, it certainly was yesterday, as today they are around 46% higher then before Lloyds /TSB took them over…..
Least my savings are safe, wait and see what else happens…. In my town, Halifax and Lloyds /TSB are right next to each other.. Looks like I’ll be entering the Lloyds /TSB building for my banking in the coming months….