Thursday, Sep 17, 2009
Speculation for now - Will this mean better deals for homeowners?
Mail: Brown faces humiliation as EU is poised to force break up of Lloyds Halifax superbank
Gordon Brown faces the possible humiliation of seeing the EU dismantle the giant Lloyds Banking Group he helped construct with a £17billion bailout. Brussels regulators are expected to force the 'Bank of Britain' to dispose of a number of businesses to limit its power in the retail banking market. Lloyds may even have to relinquish its 1,000-branch Halifax network?
Read more: http://www.dailymail.co.uk/news/article-1213923/Brown-faces-humiliation-EU-poised-force-break-Lloyds-Halifax-superbank.html#ixzz0RM2HThTK
Posted by alan @ 10:28 AM (519 views) Add Comment
2 Comments
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1. alan said...
Ooops...didn't realise the Mail had tagged the article I cut'n'pasted.
2. p. doff said...
I always thought it strange that the government's solution to a 'bank that was too big to fail' was to relax monopoly regulation and create an even bigger bank.
I suppose its a bit like curing a credit fueled boom/bust by borrowing more money.