Will The Co-op Bank Take Over The Lloyds Branches?
There is an article in The Times today, saying that the transfer of 632 branches from Lloyds Banking Group to the Co-op Bank is hitting various problems, mainly it appears conerned with computing.
If I was a customer of one of the branches to be transferred, I would have been off elsewhere by now, as I am one of those dinosaurs, who believe that I choose my bank and not politicians and bureaucrats from Europe.
So I suspect that if the transfer does go through, the Co-op will get some the branches without the customers.
It appears to, that a similar transfer of branches from RBS to Santander has already foundered.
It’s a real mess out there in retail banking.
The Anonymous Widower 
Agree . . . I am also a Dinosaur . . .
EU Control over every aspect of Daily Life . . . must be a big “Pain in the Ass”
Comment by Steam Lover | January 22, 2013 |
Although the EU ordered Lloyds to dispose of the 632 branches, it is all about competition rules that although in this case they are EU ones, in the US, Australia or Japan, similar laws would probably apply. Lloyds got so much state aid from Prudence’s government, they were just too big for UK banking to be fair.
Comment by AnonW | January 22, 2013 |