Foreign Perspectives

One of the problems in the recent round of bank takeovers is that the vast majority were shotgun weddings with little consideration being given to the fit between the banking cultures involved.

Already it would seem that the Halifax will be needing some exit signs for their current customers through a combination of tightening up of the lending criteria and raising of charges to the level typical of Lloyds. Both are understandable in different ways. The more lax lending at the Halifax was quite a contributing factor to its downfall and, of course, it would hardly be sustainable for overall charges in the Halifax to be lower than at Lloyds itself.

Still, it is sad to see the demise of the Halifax.

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This entry was posted on Thursday, March 5th, 2009 at 10:26 pm and is filed under Banking, Miscellaneous. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.