posted on Mar, 31 2009 @ 01:04 PM
I work for Lloyds Banking Group (Well, HBoS, who is a part of....you know, don't get me started) and there is a lot of truth to this. The government
will ensure about 25-30K. That means if you have anything over that, you lose your money if the bank goes under, so they were right to reject your
The way the banking system is going, there will only be a few left. RBS is in very dangerous territory and LBG is in the same position. The share is
yet to go over £1 and due to the controversy surrounding bonuses, the investments the banks need are not coming in.
Internally, there are going to be A LOT of job cuts around the June time, which will cause more selling on the shares, driving the price down
A few of the banks were far closer to going bust that is being let on.