Lloyds TSB

[chrisy09]

Is Lloyds TSB on the brink of being bust??

There shares have dropped over the past 2 months...

Anyone know anything??

I dont have a clue..

 

[saracen]

Is Lloyds TSB on the brink of being bust??

There shares have dropped over the past 2 months...

Anyone know anything??

I dont have a clue..

No, Lloyds Group are very strong.

Again today the market is calling GB & AD's bluff. AD like the bodger he is said the HMG would do "anything it takes" to keep the economy going.

The banks are the forefront so the markets are basically punishing them.
Yes its wrong and it hurts genuine shareholders. Short sellers play nasty games. Short sellers were banned until last friday then all hell broke loose. Perhaps is was a mis jugment by broon or an ulterior motive. Who knows.

RBS was hung drawn and quartered yesterday. Mainly because goldfish & bodger said they are increasing their stake to 70% holding. The market took that badly. Also many Inst's withdrew their holdings.

The rumour mill is full nationalization of RBS, but GB & AD say its not happening, they dont want to run banks.

City experts also do not believe rbs will be fully "N".

 

[Paul Kelly ICHYB]

Show me a bank (or almost any other other company) where the shares havent dropped in the past few months!

I dont want to come across as rude, but do you read newspapers/watch the TV?

 

[Sphinx]

Im sorry but anyone currently alive and with half a braincell and had bothered to have followed anything about the banking situation would actually realise in comparison to a lot of other banks LLoyds is not too bad.

All i can think from that question is that you've gone short on their shares.......

 

[directmarketingadvice]

I wonder if Lloyds really understood what they were getting into when they bought HBoS.

Also, I think the HBoS losses will be announced soon, so that'll be interesting.

Steve

 

[Ian J]

No, Lloyds Group are very strong.

Again today the market is calling GB & AD's bluff. AD like the bodger he is said the HMG would do "anything it takes" to keep the economy going.

The banks are the forefront so the markets are basically punishing them.

I don't think that you are right as the price of banking shares fell after the Government announcement that they "would do anything" which they interpreted as funding of open ended losses.

"Lloyds Group are very strong" I read someone on another forum saying that about RBS just a month or so ago. I think that their strength remains to be seen

 

[creospace]

LloydsTSB have always been knows as the safest bank , risk takers never went to them to invest money. It's their safety that gives them the strength. This is why the govmt wanted them to take on HBOS.

 

[redrob]

LloydsTSB have always been knows as the safest bank , risk takers never went to them to invest money. It's their safety that gives them the strength. This is why the govmt wanted them to take on HBOS.

Sorry my friend but I can not agree with you Lloyds TSB is not the safest bank I have a bank account with them and they have robbed me of over £1,500 so Lloyds TSB is not the safest bank.

 

[creospace]

Sorry my friend but I can not agree with you Lloyds TSB is not the safest bank I have a bank account with them and they have robbed me of over £1,500 so Lloyds TSB is not the safest bank.

Sorry 'my friend' we only have one side of a story there. Just cos they 'robbed' you of £1500 it does not make them on the whole an unsafe bank.

This thread is a general discussion about the state of LloydsTSB, you can't make general views purely based on personal one off accounts.

 

[Paul Kelly ICHYB]

redrob,

if they have robbed you, take them to court!

But, how does this fact make them unsafe?

 

[redrob]

redrob,

if they have robbed you, take them to court!

But, how does this fact make them unsafe?

Yes I am taking them to court.

I class them as unsafe not just because they have robbed me but I have had money robbed out of my account over the past five years and when I report it to them they just ignore me which means I have to take them to court and report it to the police but at the day of the the day it is my opinion if you want to trust a bank that is not safe then that is up to you.

 

[willhitch]

I'm with them and although i wouldnt say they're robbers i would say they lack any sort of customer service and whenever they do mess up they take an age to accept any liability and reimburse the extortionate costs they charge for nothing...robbers...no...piss takers...yes

 

[utilityreg]

I'm with them and although i wouldnt say they're robbers i would say they lack any sort of customer service and whenever they do mess up they take an age to accept any liability and reimburse the extortionate costs they charge for nothing...robbers...no...piss takers...yes

The customer service is awful BUT I had £5,500 fraudulently removed from my account and after talking with the manager in the Lloyds TSB (Manchester) branch they refunded me within 3 days so they're not all bad!

redrob, if it's been happening for 5 years surely you'd have a look elsewhere by now?!

 

[chrisy09]

I didnt mean to cause an argument

And as for the rude people.. I dont read the papers and I watch the TV .. however I have seen on the news that the banks are suffering however as I seen from the shares Lloyds has dropped almost 14% in 2 months.. does that make you happy..

All I was asking is if they were in trouble because of this drop.. problem? No..

I dont believe Lloyds is an unsafe bank... I am with them and I am 100% happy with there customer service, online banking etc..

That is why I asked the question as I was hopeing someone could tell me they were not in any sort of trouble.. Yes thats right Sphinx

Thanks for the replies on the thread

 

[darrenfties]

Lloyds are in a bad way in the last 2 days the share price has droped 30% believe me this bank is in desperate need of HELP!!!
Dont invest in any shares....... and the same with RBS both of these will end up been run by the govenrment.....

 

[redrob]

Is it me or are we running out of banks!!! if this carries on how are we going to trade.

 

[creospace]

Is it me or are we running out of banks!!! if this carries on how are we going to trade

No no it's you

 

[willhitch]

think barclays is the way forward...british institution and all that malarky!

 

[fred1222]

think barclays is the way forward...british institution and all that malarky!

I think you'll be hard pressed to find a bank that is truely British in this day and age. Barclays recently had around 7billion pumped into them by investors in the middle east

 

[Ian J]

think barclays is the way forward...british institution and all that malarky!

Has Britain recently been relocated to the Middle East as Barclays is the least British if the big banks.

 

[Optegris]

Ridiculous. All banks are suffering and their share prices dropping because, and this may come as a shock, we are in a recession

This type of scaremongering only contributes further to people panicking and withdrawing all their cash and simply making the situation worse.

 

[willhitch]

Has Britain recently been relocated to the Middle East as Barclays is the least British if the big banks.

that comment was intended to be an attempt at what is known as sarcasm,albeit not a great attempt... that truly is british

 

[Ian J]

Ridiculous. All banks are suffering and their share prices dropping because, and this may come as a shock, we are in a recession

This type of scaremongering only contributes further to people panicking and withdrawing all their cash and simply making the situation worse.

I don't think that's true as we've been in recessions before just not with a bankrupt banking system.

The share prices are dropping as the major banks are in a right old state due to their huge bad debts from poor lending which had nothing to do with the recession. RBS announced losses recently that were the largest losses ever suffered by a UK company and most of that related to a period before we were in recession.

I really don't think that a thread on UKBF is going to start a run on the banks

 

[James W]

Is Lloyds TSB on the brink of being bust??

There shares have dropped over the past 2 months...

Anyone know anything??

I dont have a clue..

Ha ha - I hope not. I've just signed up a new bank account with them...