Talk:HBOS/Archives/2014

Improvement Drive

The article Grameen Bank is currently nominated to be improved on Wikipedia:This week's improvement drive. Support this article with your vote.--Fenice 17:20, 13 August 2005 (UTC)

Image Removed

I removed this image as I couldn't work out how to get it to align with the list of subsidiaries, as it was before I added in the picture of the Edinburgh HQ[1]. If anyone can get it back in, feel free. Maccoinnich 23:52, September 5, 2005 (UTC)

Competition law

"This law states that a company cannot hold more than 25% share of the mortgage market. Lloyds TSB will now hold a 28% share of the mortgage market." Is this actual black letter law? If so we need a reference which should be simple to give. In the alternative, is it a general policy/ guideline of the competition authorities? Still needs a reference.Cutler (talk) 22:54, 20 September 2008 (UTC)

2008 Market Crash

HBOS just sold some of its Australia banks to the Commonwealth Bank of Australia. Somebody might want to update the article accordingly. More here: http://uk.reuters.com/article/bankingfinancial-SP/idUKSYD5988120081007 210.215.140.180 (talk) 08:21, 8 October 2008 (UTC)

The main article can be edited in an identical fashion to this talk page ;-)

Cheers,  This flag once was red  08:29, 8 October 2008 (UTC)

Done, but next time feel free to be bold on the article itself rather than the talk page ;-)

Cheers,  This flag once was red  08:35, 8 October 2008 (UTC)

£/$ usage Consistency

"Royal Bank of Scotland stated it intended to raise 20 billion pounds ($34 billion) capital with government's aid, amid its chief executive Fred Goodwin's resignation. The government acquires $8.6 billion of preference shares and underwriting $25.7 billion of ordinary shares. Thus, it intended to raise 15 billion pounds (18.9 billion euros, 25.8 billion dollars) from investors, to be underwritten by the government. Taxpayers' money will buy 5 billion pounds of shares from RBS"

As this bank is British surely the British Government's share value should be in £. Can someone more knowledgable convert it to an accurate figure? And can someone check the rest of the figures - they don't seem to add up to me but that could be a £ / $ thing. —Preceding unsigned comment added by 85.211.226.234 (talk) 00:49, 15 October 2008 (UTC)

Record breaker

• "HBOS yesterday broke the record for the biggest annual fall in a British bank's share price: more than 90 per cent has been wiped off the value of its shares in the past 12 months."

http://news.scotsman.com/latestnews/FTSE-suffers---worstever.4836787.jp --Mais oui! (talk) 07:31, 1 January 2009 (UTC)

• RBS has seen 98% loss now 86.11.172.114 (talk) 20:18, 19 January 2009 (UTC)

Courts test HBOS takeover plans

• A petition has been lodged with the Court of Session in Edinburgh questioning the legal arrangements of Lloyds TSB's takeover of HBOS

--Mais oui! (talk) 13:22, 12 January 2009 (UTC)

HBOS is not defunct

Note that HBOS continues to operate as a separate banking group within Lloyds Banking Group. I've changed it back to a current company. I guess in time it will be deconstructed. 86.11.172.114 (talk) 20:44, 16 February 2009 (UTC)

Bailout

I think there is something that needs to be done in this section of the article. It goes on a bit about RBS, Barclays and all them lot. But this is the HBOS article so I reckon that this part of the article should be re-written to be about the terms of the bailout to HBOS not RBS or Barclays (even though they raised it from shareholders). Anyone agree before I do anything? —Preceding unsigned comment added by Super wiki editor (talk • contribs) 18:48, 7 July 2009 (UTC)

removed external links

• Official website of HBOS EFS
• Official website of HBOS FS

I removed the above two external links as they do not appear to be connected to HBOS plc, which is the presumed subject of this article. Maybe they belong somewhere else? -84user (talk) 08:48, 3 November 2009 (UTC)

Acquisition by Lloyds TSB

I think this is summary should be added, taken from page 113 of Lloyds Banking Group financial accounts dated 31/12/2009 - published 26/02/2010 http://www.lloydsbankinggroup.com/media/pdfs/investors/2009/2009_LBG_Results.pdf: At the time of the recommended offer for HBOS in September 2008, it had become increasingly difficult for HBOS to raise funds in wholesale markets and their board sought to restore confidence and stability through an agreement to be acquired by Lloyds TSB announced on 18 September 2008 at the original terms of 0.833 Lloyds TSB shares for each HBOS share. However turbulence in the markets continued and the UK Government decided in October 2008 that it would be appropriate for the UK banking sector to increase its level of capitalisation. As a consequence of the recapitalisation of HBOS and the impact of the deteriorating market conditions the terms of final agreed offer were revised down to a ratio of 0.605 per HBOS share. HBOS Consideration and acquisition costs: Issue of 7,776 million ordinary shares of 25p in Lloyds Banking Group plc: £7,651m Fees and expenses related to the transaction: £136m Total consideration: £7,787m 87.115.35.123 (talk)

According to their website, in Australia the old organisation was renamed in 2009. "Following the acquisition of HBOS by Lloyds Banking Group plc, HBOS Australia Pty Ltd was renamed Lloyds International Pty Ltd in August 2009."[2] John Vandenberg ^(chat) 22:50, 10 March 2013 (UTC)

Needs rewrite

Bank of Scotland Reading Fraud

The bank's corporate lending arm, Bank of Scotland Corporate, in tandem with its preferred "turnaround consultancy" Quayside Corporate Services, conspired to undermine and to expropriate the assets of some 32 of its own corporate customers in 2003-2007. The fraud caused an estimated £925 million of the bank's money to disappear . Yet neither the bank nor the Financial Services Authority has been able to find any "evidence" of wrongdoing. The bank's only responses to date have been to scapegoat some of the managers involved, including its former director of mid-market high-risk Lynden Scourfield, who is reported to have been fired in March 2007. The fraud was the subject of a BBC 'File on 4' documentary on 26 May 2009 and a UK parliamentary debate on 2 June 2009 -- where MPs demanded that the FSA launch a thorough investigation. The affair has also been extensively documented by financial journalist Ian Fraser. On the 19th October 2009, the FSA were sent a comprehensive Report with attachments containing evidence from some 30 victims of the HBOS Reading fraud as well as information from whistle blowers, city lawyers and Companies House documents. The Report was also sent to the Governor of the Bank of England, Mervyn King, Chancellor of the Exchequer, Alistair Darling, the Treasury Select Committee, Liberal Democrat Treasury spokesman, Vince Cable, leader of the Conservative party, David Cameron, Shadow Chancellor, George Osborne, all the MPs who attended the Westminster Debate in June 9 and Neelie Kroes at the EU Commission. With the exception of the Chancellor, all recipients of the Report have confirmed in writing to the authors or to their related constituent, they are following the progress of the FSA investigation. Hector Sants, CEO of the Financial Services Authority (FSA), has confirmed he is taking the matter very seriously. The Prime Minister, Gordon Brown, was not sent a copy of the Report until 15 January 2010. However, the events at HBOS Reading were first brought to his personal attention 6 October 2008 when he was sent substantial documentation supporting allegations of fraud at HBOS Reading. He subsequently received 6 other letters requesting his intervention on behalf of the victims. The Prime Minister has not commented on the Report. To date (8 March 2010), no visible action has been taken against HBOS or Lloyds Banking Group for the HBOS Reading fraud. Subsequent to the fraud, which caused many HBOS customers to lose their businesses and therefore their livelihoods, some business owners have had their homes repossessed or have been made to sell them by HBOS. Lloyds/HBOS continue in their attempts to evict other victims of HBOS Reading. The FSA have said it would be inappropriate for them to request that Lloyds Banking Group stay proceedings pending the outcome of their investigations.

--Section above-- Needs to conform to NPOV, BLP and verifiable reliable sources. Rich Farmbrough, 18:08, 1 June 2010 (UTC).

Confusion with HBO

Do we really need the warning that HBOS should not be confused with HBO? They are totally different markets. If you were searching for one or the other, it would be immediately clear you were on the wrong page. — Preceding unsigned comment added by 108.171.128.160 (talk) 10:08, 16 December 2014 (UTC)