Quote:
Originally Posted by samurai7
Lloyds TSB are to take over Royal Bank of Scotland, which owns Halifax, from what I heard today.
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Not quite. They have bought HBOS, which owns Halifax and Bank of Scotland. Royal Bank of Scotland is a separate, much larger beast.
Wouldn't worry Helen. It's all a load of stuff the little man can't do anything about. However even if a Bank goes tits up like Northern Rock the Government would help out as otherwise they'd have a revolution on their hands. My friend has a Northern Rock mortgage and no probs. Halifax is much more secure than Northern Rock anyway, even if it hadn't been taken over.