Sunday, Dec 06, 2009
Lloyds cash call
Times: To buy or not to buy, that is the question
Article discussion on the merits of putting more cash into Lloyds. The positive slant is that Lloyds has been given fast-track permission to establish a near monopoly in the UK market, with cost savings due to eliminating the duplicate workforce of the former competitor HBOS. In other words, the merits of Lloyds come entirely from the new monopolistic ability to squeeze the pips out of the UK. From the comments this isn't regarded as a good deal.
Posted by stillthinking @ 12:44 PM (908 views) Add Comment
1 Comment
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1. paul said...
I thought the European Competition Commission was still deliberating on whether Lloyds would have to be split up ... ?