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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...
Ga.--(BUSINESS WIRE)--Heritage Financial Group, Inc. (NASDAQ: HBOS), the holding company for HeritageBank of the South, today announced that its management will attend the Sterne Agee 2012 Financial Institutions Investor Conference, which takes place in...
The cuts are taking place in Newcastle, Romford, and Scunthorpe - a move that, Ged Nichols, general secretary of Accord union, described as "devastating news for the employees who will be affected and the communities in which they live". "Newcastle,...
There are 990 role reductions from today's announcement. "All affected employees have been briefed by their line manager today. The group's recognised unions Accord, LTU, GMB and Unite were consulted prior to this announcement." More than 28,000 jobs...
"Newcastle, Romford and Scunthorpe are areas that cannot afford to lose the high quality jobs that will go as a result of today's announcement," said Nichols, whose Accord union represents the largest number – around 60% - of ex-HBOS employees. "Whilst...
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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