HBOS inherited the affections of Scotland for its Bank when, after the merger with the Halifax – effectively the end of genuine independence – the new body kept its headquarters at The Mound in Edinburgh.
The Scottish Parliament at Holyrood today voted for a motion proposing that HBOS should remain an independent bank rather than go ahead with its proposed takeover by Lloyds TSB.
The best crack of the session came from Patrick Harvie of the Green Party who said that debating the HBOS takeover without addressing the fundamental causes of economic trouble was pointless. He described the effort as: ‘little more than a group hug on the deck of the Titanic’.
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