Thursday, September 18, 2008

Create a larger Bank and create a greater funding requirement

Concerns grow about funding for Lloyds/HBOS group

Shares in Lloyds TSB fell in morning deals as analysts fret about the risks inherent in the merger with HBOS. Market watchers fear the deal may take much longer to push through than hoped - distracting the management team from the key business of navigating the current market turmoil.Numis analysts said the bid does not solve the problem of structural weakness in the UK economy and what they think is likely to be a severe recession for eighteen months. 'The deal just creates a larger group with an even greater funding requirement,' they said.

Posted by jack c @ 11:10 AM (476 views)
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One thought on “Create a larger Bank and create a greater funding requirement

  • What they need is a snappy new name, Lloyds TSB Halifax Bank of Scotland is a bit cumbersome.

    Suitable anagrams are: Bloodstain Backlash Fold Fast Lynx

    and: Backhand Sandblast Still Fool Foxy.

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