Thousands of innocent staff will be made redundant if and when the Lloyds TSB and HBOS merger goes through.
Braintree, Essex (
With 140,000 employees between them, some commentators have suggested as many as 40,000 people may lose their job. This will create financial hardship for many of those being shown the door, while finding new employment is going to prove difficult in a stuttering economy.
British Insurance, the
Simon Burgess, managing director at British Insurance, commented: "Halifax has made a virtue of always offering its customers extra. Now it has run aground, what will it offer staff? By offering a policy to Howard we want to give him some valuable protection and show others that PPI insurance is affordable, despite the exorbitant rates charged by HBOS and Lloyds TSB."
If anything, the events of the last few weeks have shown how quickly major organisations can be brought to their knees, said Burgess.
"Halifax CEO Andy Hornby may end up with £2m worth of shares in the new business, but for thousands of employees they will be left without a job. Unfortunately it is too late to take out protection insurance once something happens and people need to have cover in place to make sure they can ride out any sudden and unexpected changes to their personal circumstances."
The irony is that Lloyds TSB and HBOS are among some of the worst offenders when it comes to overcharging customers for PPI. Having spent years profiting from these over priced policies, they are now going to make tens of thousands of staff redundant to boost the profitability of the new organisation.
Burgess commented: "As ever, it's the average employee who will suffer. In the past many people have been put off PPI because of the high premiums charged. However it is so important people realise that they can protect themselves at affordable rates so they can create a financial safety net for themselves and their families."
Cheltenham and Gloucester, the mortgage lender owned by Lloyds TSB, offers MPPI at a rate of £7.70 per £100 of cover, while Halifax charges £5.94. When British Insurance can offer the insurance for £2.40 per £100, Burgess said this clearly showed how badly they were overcharging.
"We need to show consumers that the only people always getting a little bit extra are the high street banks that over charge for their policies," said Burgess.
With low stock prices, buying a single share of stock in your favorite company makes sense and maybe even dollars. The new owners of FrameAStock.com have added new stocks such as Coach, Build-A-Bear, and Quiksilver to their list of popular companies of which gift-givers can purchase a single share of stock.
Cape Coral, FL (
The first change was to add desirable companies to the list of other stocks offered. Now, in addition to popular stocks such as Disney, Dreamworks, Harley-Davidson, Microsoft, Starbuck and McDonald's customers can give a single share of Coach, Build-A-Bear, Quiksilver and more. "With stock prices as low as they are right now, it's a good time to buy. People who are doing their Christmas shopping early will save, and the gift they give is likely to go up in value," says Rich Martin, Frame A Stock, Inc.'s Vice President.
An additional change was to increase customer service hours, "I hate it when I can't get a real person on the phone, so I want to make sure that doesn't happen to our customers," says Robinson, "We now have additional customer service reps answering the phone and we've increased our hours to 8:00 a.m. to 6:00 p.m. EST. Monday through Friday. When our new website is operational, those hours will expand to 10:00 p.m. and include Saturdays."
One thing that hasn't changed is the company's monthly drawing for a free share of stock. Each month, a name is randomly selected from visitors who sign up at
"Our next step is to make our new website go live," says Robinson. "We hope to have it operational by mid-October so Christmas shoppers can experience a more user-friendly online ordering process."
For more information about Frame A Stock, Inc., please visit
Coach assistance provided in trading room.
Irving, TX (
"The DAX service is an incredible addition to the NetPicks lineup," said Shane Fry, NetPicks DAX Futures live trading analyst. "It gives our clients access to the much sought-after German market and really rounds our investment offerings nicely."
In addition to the DAX Futures service, NetPicks operates Forex and e-Mini Futures Live Signal Services. The trading systems offered by
"For the launch of our DAX Futures service, we are offering a free two-week trial to let our clients see the service for themselves and decide if DAX is right for their investment needs," Fry said. "We are confident clients will enjoy the service."
Fry said NetPicks'
"Five days a week, we call exact trade setups for customers - exact entries and targets, and manage every trade until completion," he said. "We even do this twice per day - once during the European market hours and once during the U.S. market hours - so no matter where clients are in the world, they can now trade the DAX. We even do all the analysis and show our clients exactly where and why a trade should be taken."
Although new to the NetPicks' lineup of trading systems, DAX Futures has already proven popular and successful.
"Since June 1, 2008, we've called over 552 points of profit live," said Fry. "That's worth over $20,000.00 USD. All clients do is just execute the trades and have their brokerage commission costs. In August, the European session had 68 percent winners, nearly $5,000 per contract with most trading sessions ended positive. The U.S. session, assuming everyday showed 66 percent winners, enjoyed over $8,000 per contract and a profit factor of 4.17."
As it is with NetPicks'
"Our goal is to always get in, get out and be done," said Fry. "We try to trade as quickly and intelligently as possible - get our gains and go on with our day."
For more information about NetPicks and its live trading services, contact Kori Sato at (949) 273-0506. To view the Web site online, go to
NetPicks was found in 1996 just as the online trading and day trading trends emerged. The company specializes in Forex, e-Mini Futures and DAX Futures trading, offering its clients a number of ways to track trends, make purchases and initiate sales.
The company's dynamic online trading systems can be automated with Web or phone-based indicators that alert clients when a trend is going to emerge and when it will reverse. Automation provides more confidence when selecting an online trade. Or, for those investors who want to play a more active role, real-time charts, signals and alerts and a live member area allow them to view the very data that the experts at NetPicks use to plan trading strategies.