Home » Posts tagged "Lloyds TSB"

Tag Archives: Lloyds TSB

Here’s what’s next

Serves me right for wondering. Via Lloyds Action Now: Lloyds Action Now (LAN) is an association set up by shareholders for shareholders to recover our investment losses as a result of the disastrous merger of Lloyds TSB Bank with HBOS. We now know Lloyds directors and advisors, the Government, the Financial Services Authority and the Bank of England (and advisors) were fully aware of the effective bankruptcy of HBOS before the merger but nevertheless promoted it and that the Treasury […]

Tags: , , ,

Lloyds TSB and HBOS merge

Post Image

The Guardian: A £12bn takeover of Britain’s biggest lender, HBOS, failed to halt the deepening crisis in world financial markets last night, as a wave of fresh speculation on global stock markets saw two of Wall Street’s most prestigious investment banks targeted as the latest victims of the credit crunch. So, irrespective of whether this was or was not the correct crisis measure, over the years four financial institutions have become one — with consequent effects on competition and therefore […]

Tags: , , , , ,