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Scotland’s national debt is one of the most pressing issues as there is controversy over whether it would be responsible for debts arising from the bail-out of Edinburgh-based Royal Bank of Scotland and HBOS. Estimates by Taxpayer Scotland have already...
And this is the issue which the Trades Union Congress has just addressed with a new report entitled Banking After Vickers. The Vickers Commission was set up by the Government in the aftermath of the crash to work out how to prevent the likes of RBS and...
Two city worker's walk through the City of London on September 18, 2008. British bank Lloyds TSB on Thursday agreed to buy rival HBOS for 12,2 billion pounds (15,4 billion euros, 21,8 billion dollars) as the raging global financial storm claimed another... View Photo »
But Misys chief executive Mike Lawrie will walk away from the company with a £1.7m golden goodbye to join American IT group Computer Services Corporation, relinquishing the helm of the merged group to Guy Dubois. Sir James Crosby, the former HBOS boss...
The bank offered investors holding Tier 1 notes issued by HBOS Euro Finance the opportunity to exchange them for new Lower Tier 2 bonds amid ongoing uncertainty about upcoming banking regulation in Europe. There was EUR153.66 million of new bonds issued.
It is also important to recognise that we were required and we did pay a price for these things, but I'm not trivialising the importance of the intervention. It was important. Without the state-led bailout of RBS and Lloyds-HBOS, there would have been...
Photograph: Oli Scarff/Getty Images A quick analysis of the results published by Lloyds for the same period - from the start of 2009 to the end of September 2011 - produces a figure of £55bn. This £55bn includes £45bn of impairment charges (from loans...
Sir Victor was knighted in 1999 "for services to the financial industry" before he joined Lloyds, but critics argue that his role in its disastrous takeover of HBOS four years ago means he should have the honour annulled. The bank required a ÂŁ21...
HBOS plc was a banking and insurance group in the United Kingdom, the holding company for Bank of Scotland plc, which operated the Bank of Scotland and the Halifax brands; HBOS Australia, and HBOS Insurance & Investment Group Limited, the group's insurance division. It is now a wholly owned subsidiary of the Lloyds Banking Group. Although... Full Article
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