Saturday, Nov 29, 2008
Good luck - you'll need it.
BBC: Legal challenge to HBOS takeover
A last-ditch attempt to block the planned Lloyds TSB takeover of Halifax Bank of Scotland has been launched.
A group of businessmen, bank customers and shareholders is to seek a legal ruling over Business Secretary Lord Mandelson's decision to allow the deal.
Posted by gardeniadotnet @ 02:38 PM (308 views) Add Comment
1 Comment
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1. fjcruiser said...
LLOydsTSB need not be re-capitalised if it stands on its own. The merger with HBOS is of no benefit to the shareholder or the consumer or the tax payer. Who does benefit from it ? Management at LLOyds and management at HBOS=reward for failure.
I am glad someone is challenging this merger. It is about time someone realised that bigger is not better.Remember RBS and ABN ?