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THE CHATTER BOX

 
  
  
  The Chatter Box : Blathering On
  
  
  
 
Santander buys out Bradford & Bingley by johnnythemonkey on 1 October 2008 2:19pm
 
Nobody expects......the Spanish aquisition.
 
Re: Santander buys out Bradford & Bingley by suzulu on 1 October 2008 3:03pm
 
LOL! They're only taking over the savings part though, so we UK tax payers will be footing the bill for the rest of it.
 
Re: Santander buys out Bradford & Bingley by bIG bLOGGER on 1 October 2008 4:16pm
 
LOL! The INDEPENDENT on Tuesday 30 September reported that (Banco) Santander has paid £612million for B&B's 197 branches,141 agency outlets and £20billion of retail deposits,which will be transferred to Abbey. I can't help thinking that Santander have got the best part,and A.Darling has accepted the dubious (mortgage and personal loan) part on our behalf without asking us.
This brings the Spanish Bank group's total number of branches in UK to 1,286 which is 10% of the market. Perhaps we shouldn't be too surprised about the "Spanish acquisition" since (Banco de) Santander (which employs 6,800 staff at its Madrid HQ) acquired Banco Espanol De Credito (Banesto) in 1994; Abbey National in 2004; and Alliance and Leicester in July,2008,both of which were previously British Building Societies which had converted to banks.
 
Re: Santander buys out Bradford & Bingley by geordiegirl on 2 October 2008 2:37pm
 
But the Spanish banking-system is much more hedged around with security guarantees than ours, so now's just the time Sue to transfer that nest-egg...lots of people are supposed to be putting their cash into Irish institutions because their govt. has just guaranteed 100% returns if a bank goes under.
 
Re: Santander buys out Bradford & Bingley by johnnythemonkey on 2 October 2008 2:52pm
 
Including New Labour politicians ?
 
Re: Santander buys out Bradford & Bingley by bIG bLOGGER on 2 October 2008 3:13pm
 
Well that's right!
UK Post Office Savings accounts are also covered under this new scheme offered and guaranteed by the Irish government in Dublin.

Nobody expects...the IUDI!
(Irish Unilateral Declaration Of Independence)
 
Re: Santander buys out Bradford & Bingley by suzulu on 3 October 2008 2:52pm
 
Perhaps it's better to keep your money under the floorboards!
 
Re: Santander buys out Bradford & Bingley by geordiegirl on 3 October 2008 5:30pm
 
In a nice warm sock so's the mice don't get at it!

I did have friends - 30 years ago now, but still vivid - when a mother-in-law moved out of her house to live with my friends, they found lots of forgotten money under a mattress in m-i-l's house. And she then advised them to look under floorboards just in case!!
 
Re: Santander buys out Bradford & Bingley by Ken Dunn on 16 October 2008 9:39pm
 
Government buys into a few other banks too.
 



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