octogen
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Hello again. In the UK the banking system is very sound, the Halifax is vulnerable to some fluctuations in instability but not at risk to sub prime mortgage lending as they are the biggest company in this line of business. Your credit card is most likely issued by a separate company within a company,so yes in the most unlikely event of another catastrophe you would be liable i think.You would have to look at the terms you undertook with the Co., on issue. |
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drevilynn
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There is absolutely no truth in it. However like some others have said scaremongering causes people to remove there money and then it becomes a self forfilling proficy. It is also not true that Halifax are Merging with Llyods TSB, i dont know where that has come from but it is not true. |
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Empress
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No there is not and people that scare monger and then take all their money out only cause one . . . |
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The Drunken Fool
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savings protected up to 35 grand, credit cards still need to be paid and the liquidator may ask for the whole lot.... |
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The Ghost
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No theres not truth at all - They lost a lot of money yesterday off their share prices thats all |
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Lou
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It's unlikely that such a big company could go bust and I definitely wouldn't close your accounts etc.
If it did get into big trouble the government would probably have to bail them out - similar to the US government and AIG/Fanny Mae/Freddie Mac, I doubt very much that it'll go under.
Wouldn't worry though. |
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sunnyday
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I think as long as people are sensible and dont start withdrawing all their cash then we will be ok. Any savings up to 35k is protected anyway. |
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Twat
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Their share price rose a little today but it's still down below £2 after being over £10 a year ago. I wouldn't say any business was safe in the present economic climate. The world is in a dire state. |
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Pho
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probably not love. all savings up to £35,000 are protected. |
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I, Candy
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I doubt it because last I heard shares in BOS which is part of the Halifax were over £9 per share. |
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WENDEL HOMES
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Money is a commodity like iron, wheat, oil or whatever, prices go up and down throughout the day and night just like all commodities, If people in fear run to their banks and the bank runs short of cash then that bank will have to got to the bigger lenders for more cover... these mega lenders know there is a rush on so the price rises to fit ...so ... the moral here is don't panic you only feed the greedy...and AT THE MOMENT if anything goes belly up then the greedy get their money from us anyway via government backups.... because you are paying the stupid taxes that these props are made from... in the meantime... the greedy are causing more rumour rushes causing a lowering of share prices at the banks and they get even richer buying SHARES (What they are really after) at the deflated lower prices, they cannot lose as long as the governments prop up the banks.(Which they must for fear of collapse)
So... TO SAVE ON TAX INCREASES
Don't fall for rumours
Don't allow people to spook you.
remain steadfast
You certainly can't win when there is running on a bank ...
Where would you get your paycheck when all the banks go down? stay put and the greedy WILL lose out.. OR... try their luck somewhere else.
Make sure that your bank has good management procedures if you are not sure don't worry the tax payer is in place to settle the bill. |
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JESSIEBLUE
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every bank in the world is looking fragile at the moment , |
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SteveT
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They are solvent but the share price was being forced down by speculation.
If they go bust everyone's savings are guaranteed up to about £35,000. You would still have to pay off your credit card in full as receivers would collect all amounts due so as to pay as many creditors as possible.
It shouldn't happen now as the share price is recovering |
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El Cid
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Do NOT believe the rumours of imminent bankruptcy. The shares are being manipulated by hedge funds and others, but the bank's assets themselves are not in any danger, yet. If people start to believe in the rumours and there's a run on the bank, then it will be a self-fulfilling thing. Anyway, the first £35,000 is protected by the deposit guarantee scheme. |
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Hat-A-Tat-Tat!!
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i asked a similar question earlier & somebody answered that they are 'safe' & that they are merging with the TSB bank...i don't know how true that is...but i would make them safe if that's the case.
funny...yes mate...you'll still have to pay off your credit card! |
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John Elias
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There is truth in the fact that its a possibility, though its probably not going to happen.
The people with savings still there will lose them, and no you won't have to pay off your Halifax credit card! |
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Cool Hal
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no they are going to merge with Lyods TSB bbc news are reporting |
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kentuckyfriedplus
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The ultimate truth is that someday, the U.S. will take over Canada by force to take over its oil supplies in Edmonton.
Mark my words....it will come to pass! |
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