hbos

[johnny37]

Was this a good deal for LloydsTSB? As far as I can see if the government had not intervened the deal may have collapsed with massive implications to the banking indistry. The HBOS shares were still dropping and it looks like Lloyds paid over the top. It is rumoured that there will be a substantial loss posted by HBOS.

[ethandron]

Long term it will be. Lloyds group are now the biggest bank in the UK and when things pick up so should their share price, profits and bonuses. Wait for about 3 - 5 years.

[sandmaster]

ethandron is hopefully correct. But in the meantime Lloyds shareholders have lost their dividends this year at least which will never be recovered. And we have yet to see what looms in the dark corners of the old HBOS. I still think the Lloyds directors were unwise to agree to the merger.

[johnny37]

The taxpayer paid �17 billion to faciltate the deal. It baffles me how this is a good deal for Lloyds, especially as the value of HBOS continued to drop after the event. The chairman is looking to restore the dividend by the end of 2009, which cannot be done until the taxpayer's stake has been paid back. They call savers the forgotten victims. I reckon we are the forgotten forgotten victims (lol)!