Today they have fallen 22% to a new low of 223p ..are they another Marconi..?



The chart looks like one long suicide note.

confess i am totally bewildered by HBOS sp collapse, especially as LLOY closed at 231 ...... there is vague talk about gov't taking a stake in (all?) banks, but as the gov't also openly brokered the LLOY / HBOS deal, they would look even more foolish than they already do (hard to believe i know), if they just allowed it and/or HBOS to die.

finally, as HBOS is a very high profile bank, as opposed to a building soc, the gov't really cannot allow it to collapse.

Hope it rises Wed for you Cynic.

Anybody know how safe Nationwide is. Not a listed Company

Its a mutual - no shareholders!

me too! ..... ouch ouch ouch!



Shares in Royal Bank of Scotland slumped 41 percent in late trading on Tuesday to their lowest level since late 1993 amid concerns over funding needs for the banking sector.

HBOS fell 38 percent, while Lloyds TSB and Barclays shed 10.9 and 17 percent, respectively.

British Prime Minister Gordon Brown and his finance minister, Alistair Darling, will hold talks on the financial crisis with the governor of the Bank of England, Mervyn King, later on Tuesday, a spokesman said.

Does that mean there may be a big rate cut overnight i wonder ..... certainly Darling Brown has surely got to deliver a meaningful statement sometime this evening, but one could have been saying that for the last week, and still nothing

Skinny is it mutually safe then

Just out of auction @94 -14.5% - Quite amazing that ad with the twat singing has just been on the box advertising their high interest account !

I was tempted to sell at 1.20 wish I had now - It is totally crazy - why Lloyds and Hbos have not released statements to the effect the deal was still on is just bewildering. I bank cash every single day from my company, with Barclays, is it safe to do so !!!

Be better off keeping it all and pay suppliers in cash and just keep a minimum balance to pay standing orders / Direct Debits etc.. If it doesn't sort itself out by Friday, that is exactly what I am going to do. I'm not really bothered about the share money, its peanuts in relationship to my company - I'm worried about the banks being there in the morning ! Cash my friends is certainly king at this moment in time.

I am fortunate in the fact 99% of my turn-over is in cash so it is feasible to do what I say, if your running a business on credit, I dread to think what could happen. If your running a Ltd Co. at this moment in time and its struggling, you will never get a better chance to bin it - there will be that many Companies go under there certainly wont be any questions asked thats a fact !! Buy a big safe - and withdraw every penny you can get your mitts on :-)

"I am fortunate in the fact 99% of my turn-over is in cash " - I work for the revenue!






















:-))))

Work for who you want pal - my turn-over is 99% cash, and its all accounted for. Its a legitimate business not a fly-by-night tarmacing co. I dont accept cheques, Visa etc - cash only
Thats why I bank it every day !! And pay the pleasure of paying .06% for doing so ! :-)))

lol

Don't forget what it says on the notes, "I promise to pay the bearer on demand the sum of .." Has the Bank of England got enough gold to pay you?! ;o)

Probably not after Brown sold off half our reserves at a knock down price!

The town of Lewes in Essex have the right idea, they are printing their own currency. Let's get back to the days of bartering!

I think you will find that Lewes is in East Sussex.

I took all but 50 out of my Birmingham Midshires account today. There should be around 400 interest owing what happens to this if Lloyds do take over HBOS

I'm back in UK for afew weeks and haven't easy internet access, just as well because I would have been tempted to jump in yesterday and today.

With the price difference between hbos and lloy now, I can't see the deal going forward in it's present form. But in this crazy market nothing would surprise me now.

Good luck to those brave enough to trade today, lets hope for a bounce tomorrow.

Horrible market to trade long in over last couple of days been really quite expensive! I think you have got the right idea Spitfire. In the 1930's the Dow lost 90%value though arguably more over valued than today though similar circumstances. With that in mind it could go to 1500! Good luck

Blackdown. Yes you are quite right, I was mixing up my Easts and my Sussexes to come up with Essex. Must have sex on the brain!

Part government nationalisation on the cards.

About time they made an announcement (lloy) - if it had been done last week we wouldnt have had the palaver we have !!! Like to see this at 1.70/1.80 later today Working on .833 share split