Top faller in the Banking sector today with a 25% fall are they about to go bust as the housing market stalls .. are they another Northern Rock failure about to blow.

Am I dreaming, or did Andy Hornby's name appear in the list of Directors for the combined LLOY-BOS ?
-Surely he should never work again.

B&B
-Along with Northwern Rock, the shareholders are wicked people who dare make money from the investments of the business. Because of this, they deserve nothing! Odd then that savers, who . . . expect a return from the investments of the business . . . have a g'tee scheme to refund every penny.
Even more odd that these are often the same people - who were given shares when Demutalised . . . . and don't they regret that now? This includes staff who will be lucky to find jobs in finance due to the much-lower levels of activity, mortgage, etc.
Demutalising was a con perpetuated by greedy Management . . . .( and I see parallels with Cattles, down 8% today DYOR).
Unfortunately the folk that destroyed these businesses appear to get-off and even have the nerve to collect Golden handshakes, pensions etc for their poor stewardship.
What is almost absent is any shareholder-Power to stop thisManagement excess - shareholders are not allowed to critisise Management - AGM's are by-and-large a joke although some companies retain old-fashioned values on the surface.

+I wonder if the Mutual Company would still be in business . . . and I have a suspicion they would, albeit smaller - but with actual cash in their vaults and not rotten, stinking, low-grade mortgages and dubious loans.

cynic I'm not convinced this "nationalising" is in everyone's interest - Short-term it saves GB from worse as it buys respite and many will believe all is OK - but taxpayers are the same people that will lose out if B&B went under - all we are doing is spreading the cost over more folks - and some are already on the breadline - yet all are expected to contribute to this fiasco - just the same as all Londoners are contributing 30p/week to the Olympic fund....whatever happened to "No taxation, without Representation"? I live in London and have no say - the 2012 Olympics will be a very expensive Political Jamboree - IMHO.

Scotinvestor, what are yr views on the new LLOY-BOS? - as I see it, my LLOY investment has seen a recent fall of 30% - maybe this represents the "dilution" despite their assurances the combined company will have much more turnover, profit etc. - at least long-term when the current woes are a distant memory (and Britain is winning Gold at the London Olympics. dream-on).

Arrgh!

nationalisation means taxpayers paying for years if not decades to come.....nrk is costing everyone at least 3k or 4k.

i believe andy hornby got senior role as he has to convince shareholders as well as almost every person in scotland that LLoyds deal is good........HBOS are valued at about 5 so lloy are getting it for a song........hence why hornby getting 2 miilion quid in shares plus senior role as a bribe (err i mean incentive).......oops am i being cynical, tsk tsk.

i agree that hornby shouldnt work even 1 day in a bank ever again.....i woouldnt have him in charge of a sweetie shop let alone anything else

Lost a bit on these nothing else to say.

HAHHAHAHAAHHA lucky i never bought on Friday

Shares risky game