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First Minister tells BBC time for rethink on HBOS - as Burt and Mathewson develop independence initiative

Monday, 10th November, 2008 | Business, News | None

First Minister, Alex Salmond, Speaking on BBC Radio’s Today programme this morning, that the present circumstances in the banking industry indicate that HBOS could be helped into independence rather than into the Lloyds TSB takeover. He said that the picture…

Former chiefs of HBOS and RBS support HBOS independence and offer to take over as interim management - now rejected

Saturday, 8th November, 2008 | Business, News | None

Sir Peter Burt, former chief of the Bank of Scotland credited with creating HBOS and Sir George Mathewson, credited with transforming the Royal Bank of Scotland to a world power in banking, have entered the debate on the future of…

Bank of Scotland name may survive as Scottish high street brand

Tuesday, 4th November, 2008 | Business, News | None

Lloyds TSB have now said that, while the name of the new merged bank will be Lloyds Banking Group, it has not yet made up its mind whether that will be the name of its universal high street presence. It…

New bank to be called Lloyds Banking Group - now to raise £17bn

Monday, 3rd November, 2008 | Business, News | None

The name for the new giant bank formed if the merger of Lloyds TSB and HBOS goes ahead is to be Lloyds Banking Group. Scotland will mourn the loss even of the name but in the end it is only…

Loch Lomond Golf Club now run by HBOS and looking for new owner

Sunday, 2nd November, 2008 | Business, News, Sport | None

Lyle Anderson, American owner of Argyll’s uber-exclusive Loch Lomond Golf Club has asked the Bank of Scotland to take over the running of the club as £40 million of members’ fees was threatened by imminent receivership. The Bank now has…

Anger as RBS plan to pay staff bonuses regardless - Cable says banks are making monkeys out of the government

Sunday, 2nd November, 2008 | Business, News | None

The Royal Bank of Scotland (RBS) in which, after a £20bn bail-out by Gordon Brown with Taxpayers money, the UK Governemnt is now the sigificant majority shareholder, is setting aside £1.79bn to pay discretionary bonuses to specific staff for the…

HBOS story becomes a bit of a panto

Sunday, 2nd November, 2008 | Business, News | None

The fat lady’s still in her Dressing Room and hasn’t yet emerged to sing the end of the HBOS story. The thing about panto is that while there’s a basic script, no one really knows what they’re doing and improvisation…

Expect bad news from Scottish banks next week - and its starting now

Friday, 31st October, 2008 | Business, Environment, News, Sport, Transport, Whisky | None

Lloyds TSB have just announced that nine of the top eleven jobs which will operate if the proposed merger takes place will go to managers from within its own organisation with only two going to former HBOS people.

Eric Daniels, CEO…

Holyrood votes to keep HBOS independent

Thursday, 30th October, 2008 | Business, News | None

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…

Swinney reveals UK Treasury has now responded to questions on HBOS

Thursday, 30th October, 2008 | Business, News | None

Scottish Government Finance Secretary, John Swinney, revealed in session at Holyrood today (30th October) that he has now received a response from Chancellor Alistair Darling to queries on the recapitalisation of HBOS.

In reference to the proposed takeover of The Bank…