The six-member Merger Action Group brought a last-minute legal challenge to the UK Government-brokered Lloyds TSB takeover of Halifax Bank of Scotland (HBOS).
The Competition Appeal Tribunal was asked to decide if the UK Government had been right to bypass competition concerns…
Scots financier, Jim Spowart, has announced the end of his personal efforts to retain the independence of HBOS. He is retiring disillusioned by the inability of UK ministers to put party politics and ego second to the drive to save…
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…
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…
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…
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…
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…
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…
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…
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…
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