Sep 17 – After days of speculation over the future of troubled Halifax Bank of Scotland, sources say HBOS is in advanced merger talks with Lloyds TSB.
If the deal goes through the two would create a $50 billion mortgage giant with almost a third of the UK’s mortgage market.
Stefanie McIntyre reports.
|
UK’s HBOS, Lloyds in merger talks?
correct the sentences
- HBOS has lost 15% of it’s share value.
- The merger wouldn’t be good news.
- Lloyds doesn’t have a mortgage market.
- The Office of Fair Trading would absolutely object.
- All UK banks are very reliant on wholesale markets.
- Lloyds has 28% of the UK market.
- HBOS admits it’s balance book has problems.
- People want the bank to be nationalised.
- The financial markets are calm.
- Banks with weaker balance sheets can survive better in the current climate.
|
check your answers
go to news archive
home
