Lloyds TSB HBOS Merger
September 18, 2008
It has been confirmed that the Lloyds TSB HBOS Merger process has started with a bid of $12.2bn from Lloyds. The deal will have to go before the Financial Services Authority however unless the stock market suddenly recovers it should go through as the collapse of a bank the size of HBOS would be worse than the consequence of a new super bank.
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