[RUSTYME]

http://www.thisismoney.co.uk/markets/article.html?in_article_id=491318&in_page_id=3

and still the sell off and break up continues....this time it is a Bank that has £17 billion of OUR money holding it up , after the cock up of Gordon Brown . If you bank at Lloyds, grab your money and run , while you still can ....
   Funny how quiet this is though ....not plastered all over the tv news or the papers , mmmmm

cheers

Russ
 

[sellickbhoy]

If the bank is broken up and parts sold off, then surely the shareholders (i.e. the treasury) would receive some of the income generated by that sale

in fact this could be a result for the government who created a huge monster which could dominate and lead to a lack of competition in the market. Selling of the individual parts brings money back into the company (and therefore government) and the monster is chipped away at to make is less imposing and leading to more competition.

I notice that LTSB have agreed to sell the Halifax Estate Agencies

The sale of Halifax Estate Agencies, which has a network of 218 offices across the UK, will lead to the loss of 460 jobs, 360 of which are full-time positions.

Each of the Halifax Estate Agencies will be rebranded to one of LSL's brands, which include Your Move, Reeds Rains and Intercounty.

‘Halifax Estate Agency is a well established business and, following a strategic review, we believe that it is better able to grow outside the Group. The Halifax brand is one of the strongest on the high street and remains integral to the Group,' said David Nicholson, managing director of Halifax Community Bank.

LBG insists that the wider Halifax brand is not affected by the sale.

[Snoopy]

Are Lloyds bank part of the Lloyds underwriters that give out insurance and guidelines etc - cause if they are- they could not be making a loss, surely