Ltd Acct with HBOS, what happens if it goes bust?

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AlfredJPruffock replied

17 September 2008, 06:57
Originally posted by Iron Condor View Post

Move over to HSBC.

HBOS down 77% since the credit crunch started one year ago.
RBS down 56%.
Barclays down 47%.
Lloyds down 48%.

HSBC down just 5%.

http://www.dailymail.co.uk/news/arti...owed-fail.html

BETTER BE COOL ON WALL ST - when youre Index is Low
Dow Jones aint got time for the bums -
They wind up on skid row
With holes in their pockets
They plead with you Buddy
Can you spare a dime ?
But you aint got the time ...
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Iron Condor replied

17 September 2008, 03:43
Move over to HSBC.

HBOS down 77% since the credit crunch started one year ago.
RBS down 56%.
Barclays down 47%.
Lloyds down 48%.

HSBC down just 5%.

http://www.dailymail.co.uk/news/arti...owed-fail.html
Leave a comment:
NoddY replied

16 September 2008, 21:50
Originally posted by Diestl View Post

I would think seriously about moving it to a safer bank.

Like Northern Rock! And that's not a joke.
Leave a comment:
Diestl replied

16 September 2008, 21:46
Originally posted by booking View Post

My Ltd Co account is with HBOS, watching the news this evening talk of HBOS potentially going bust although "the government would never allow such a thing"

What would happen to the considerable amount of money sitting in my Ltd account at the moment if HBOS did go under. "Depositers" accounts would be guaranteed - but as a Ltd company do I qualify as a depositer or would I have to join the long list of creditors and hope I get a decent percentage of my money back?

I would think seriously about moving it to a safer bank.
Leave a comment:
booking started a topic Ltd Acct with HBOS, what happens if it goes bust?

16 September 2008, 21:40
Ltd Acct with HBOS, what happens if it goes bust?

My Ltd Co account is with HBOS, watching the news this evening talk of HBOS potentially going bust although "the government would never allow such a thing"

What would happen to the considerable amount of money sitting in my Ltd account at the moment if HBOS did go under. "Depositers" accounts would be guaranteed - but as a Ltd company do I qualify as a depositer or would I have to join the long list of creditors and hope I get a decent percentage of my money back?
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