Why Did Lloyds TSB Buy HBOS?
Posted by admin on March 7, 2009 in banking nationalisation, borrowing, credit crunch, economy, gordon brown, hbos, lloyds tsb, london stock exchange, recession, shareholder rights, stock market | Short Link
3 Comments on Why Did Lloyds TSB Buy HBOS?
The rather unusual news from the UK is that the British government has grabbed control of Lloyds TSB PLC as a part of guaranteeing loans worth £260 billion. According to a statement from Lloyds TSB, “About 83% of the insured assets were acquired when the bank bought HBOS.” The details, as reported by Bloomberg, can […]