HBOS merges with Lloyds

[danny la rouge]

As a trading strategy that logic is sooooo made of fail

Well, for a trader, yes. But traders should be neck shot.

 

[weltweit]

Apparently the Government had to ask the UK competition authorities to look the other way because this merger/takeover creates such a giant among british banks.

I wonder if European takeover rules and legislation will be happy to sit on its hands or if they will take a view on the legality of this deal.

 

[Kanda]

Apparently the Government had to ask the UK competition authorities to look the other way because this merger/takeover creates such a giant among british banks.

I wonder if European takeover rules and legislation will be happy to sit on its hands or if they will take a view on the legality of this deal.

It's considered national interest, they invoke national interest and comp auths can't do a thing.

Ministers were preparing to invoke the national interest to allow them to waive normal competition rules and push the deal through quickly.

 

[Kid_Eternity]

It's considered national interest, they invoke national interest and comp auths can't do a thing.

Ministers were preparing to invoke the national interest to allow them to waive normal competition rules and push the deal through quickly.

That's basically been the reporting. That the trading standards office will let this pass because it's a government backed merger. Not sure if that's just a line of spin or something in the legislation...oh yeah why is this in the P+P forum?? I put it in general because it's something of wider interest dammit!

 

[kabbes]

oh yeah why is this in the P+P forum?? I put it in general because it's something of wider interest dammit!

I wouldn't worry about that too much. I'm sure most of us just spam "New Posts" like monkeys in a lab experiment in any case. Most of the time, I don't even notice which forum a thread is in (which can lead to some confusion, like the thread on "What would you spend £2,500 on?" in which everybody seemed to want to spend it on drugs and then I realised that it was in the drugs forum).

 

[marty21]

Precisely.

It is, as you rightly say, about mob mentality.

true, i'm sure i read that the outgoing chief exec at merrill lynch blamed wild speculation for their demise - you can't buy that sort of irony

 

[kabbes]

true, i'm sure i read that the outgoing chief exec at merrill lynch blamed wild speculation for their demise - you can't buy that sort of irony

Or apparently you can -- a few hundred billion dollars seems to have done the trick.

 

[marty21]

Or apparently you can -- a few hundred billion dollars seems to have done the trick.

true, they didn't know they were buying it, but then, they often don't really know what they are buying, or not buying