Well I'm not best pleased. Not at all. How can the oldest commercial bank in the UK collapse in 2 days? The Bank of Scotland has been here since 1695 ffs. It's an Institution up here. I've banked with them all my life (and no, that's not since 1695 before anyone says that :angry: ).

 

Its biggest mistake was to merge with the Halifax. -_-

 

Totally agree, after the Halifax merger customer service became a novelty. Not that it was amazingly brilliant before hand likes....

 

I've always banked with them as well. It's so tempting to switch my smallest account to a RBS student account coz i could do with the £100

 

this has been a week to remember and learn from :). I work for a big investment bank in London and with Bear Stearns, then Lehman going bankrupt, then ML being bought by BoA and the AIG bail out by the US Treasury its been very eventful - and now the Lloyds TSB buy out of HBOS. Its interesting being so close to the action and hear people discussing and making decisions on all of this. The government in the UK and US has stopped short selling until at least the end of the year which will gives stocks some respite.

 

If you have deposits dont worry as the government protect the first £35k.

 

 

Now its Bradford & Bingley being nationalised, you wonder where it will all end.

 

You have to wonder why all these independent Building societies demutulised over the last 15 years. Every one of them has now been taken over by a bank or has been nationalised. That's what happens when you get greedy.