...within the banking sector. They could make a start by promising to continue to "prop up" HBOS beyond 12 December (when HBOS shareholders meet in Birmingham to vote on the proposed merger) and allow adequate time for an alternative scenario to be...
...reliance on wholesale funding and moved into riskier businesses. You also contended that the combination of Lloyds TSB and HBOS would reduce competition significantly. The British financial-services market is very competitive with every business...
...Lord Mandelson reconfirms decision to waive competition rules. Lloyds names the new bank's leadership, snubbing most of HBOS's senior directors. MSPs back motion to keep HBOS independent. Monday, 3 November: The Chancellor, Alistair Darling, says an...
...– to which both Lloyds and HBOS subscribed – means a merger is no longer necessary. A senior Labour MP attacked the board of HBOS yesterday for buying advertising space in the national press urging shareholders to vote on the troubled Bank of Scotland...
Background
HBOS plc (LSE: HBOS) (Halifax Bank of Scotland) is a banking and insurance group in the United Kingdom, the holding company for Bank of Scotland plc, which operates the Bank of Scotland and Halifax brands; HBOS Australia, owner of BankWest; and HBOS Insurance & Investment Group Limited, the group's insurance division. Officially HBOS is an initialism not overtly standing for anything, although it is widely recognised to mean Halifax Bank of Scotland. The corporate headquarters of the group are in Edinburgh, Scotland; the old office of the Bank of Scotland. Operational headquarters are based in Halifax, West Yorkshire, England; the old head office of Halifax.
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Timeline
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1 week ago from Herald Sun