HBOS
Company and Financial Services Company
Mugged over a GBP25bn loan: Lloyds shareholders' fury that they were kept in the dark about ailing HBOS...trust the Bank of England's accounts, who can they trust?' Many shareholders feel their once prudent bank has been polluted by the purchase of the effectively insolvent HBOS. The deal was agreed at a cocktail party in September last year... In this article: Lloyds, HBOS, Bank of England, Mervyn King, UK, North Sea, and Scotland |
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BBC News | 4 days ago
Banks win on overdraft fees case
...to examine the fairness of charges. He said government-supported banks - Northern Rock, HBOS and RBS - had recently been asked to review their overdraft charges so that they were fairer to customers. Sarah McCarthy Fry, Exchequer...
In this article: Supreme Court, British Bankers Association, Office of Fair Trading, Revenue, Financial Services Authority, MoneySavingExpert.com, and Consumer Action Group
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Telegraph.co.uk - UK news | November 10, 2009
Lloyds cut 1000 Scottish posts
...end. It must be devastating for staff morale. "We knew that Scottish jobs would go when Alistair Darling and Gordon Brown changed competition laws to force through Lloyds' takeover of HBOS. "But now, almost 12 months on, it's time for...
In this article: Lloyds TSB, Royal Bank of Scotland, Scottish Liberal Democrat, John Swinney, Alistair Darling, and Scotland
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Times Online | 4 days ago
Darling defends secret GBP62bn emergency loan
...Minister Gordon Brown Mr Darling is now facing pressure to explain why Lloyds TSB shareholders were not told of the four-month loan - the first instalment of which was paid two months before Lloyds took over HBOS. In unrequested evidence...
In this article: Lloyds TSB, Royal Bank of Scotland, Bank of England, Alistair Darling, Northern Rock, Mervyn King, and Gordon Brown
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scotsman.com - Scotland | November 21, 2009
KPMG's GBP1m a month to strip Dunfermline
...less than 20 miles from Dunfermline HQ in Edinburgh. "It is a supreme irony that whilst Gordon Brown has taken action to stop RBS, HBOS and the other nationalised banks from taking this kind of heavy-handed action, he has done nothing to...
In this article: KPMG, Dunfermline, Gordon Brown, Beneficiary, Office of Fair Trading, Revenue, Dunfermline Building Society, and Scotland
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Telegraph.co.uk - Expat | November 10, 2009
Dopey thinking
...a massive fall in the value of the shares I held in Lloyds. It was the same Gordon Brown who had railroaded the rather weak chairman of Lloyds to take over an ailing HBOS. He did this by offering Lloyds a short cut past competition...
In this article: Cannabis, Lloyds, Rome, and Gordon Brown
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scotsman.com - Scotland | November 10, 2009
Fifth of Lloyds' job cuts to be in Scotland
...to the country by pushing through the merger. He said: "It is now plain to see that Gordon Brown and Alistair Darling sold the country a con with his cut and shut merger of HBOS and Lloyds. Their recent comments on jobs show the emptiness...
In this article: Lloyds, UK, Scotland, Scottish Widows, John Swinney, Alistair Darling, and Gordon Brown
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Telegraph.co.uk - Business | November 03, 2009
Don't bank on forced disposals increasing sector's competition
...Northern Rock won't create a new competitor. What's more, the banking sector is still, in some ways, less competitive than before Brown blessed Lloyds' disastrous acquisition of HBOS. That deal didn't just contaminate Lloyds with...
In this article: Lloyds, Royal Bank of Scotland, Gordon Brown, Northern Rock, UK, Acquirer, Small business, Cheltenham & Gloucester, and Bradford & Bingley
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Seeking Alpha | November 15, 2009
Triumph of the Market Realists, Part II
There were denials that the firm was in crisis, which is always a terrible sign. In September 2008, the Big Four bank Lloyds bought HBOS after its boss, Victor Blank - this is the part you couldn't make up - bumped into Gordon Brown at...
In this article: Modern portfolio theory, Gordon Brown, UK, Big Four, Nursing and Midwifery Council, David Einhorn, and Lloyds
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scotsman.com - Business | November 11, 2009
Influence over Scottish finance has shifted from Edinburgh to London - economist
...at all. The resignation of Sir James Crosbya one of the prime ministers key advisors - followed revelations that when he was chief executive of bank HBOS he sacked a whistleblower who warned that banks were heading for disaster. Sir James...
In this article: London, Edinburgh, Scotland, Royal Bank of Scotland, Recession, Gordon Brown, and UK
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Description from Wikipedia:
HBOS plc (LSE: HBOS) is a banking and insurance group in the United Kingdom, the holding company for Bank of Scotland plc, which operates the Bank of Scotland and the Halifax bank; HBOS Australia, owner of BankWest; and HBOS Insurance & Investment Group Limited, the group's insurance division. Although officially HBOS is not an abbreviation with any intrinsic meaning, it is widely recognised as an initialism for Halifax Bank of Scotland. The corporate headquarters of the group are in Edinburgh, Scotland; the old head office of the Bank of Scotland. Operational headquarters are based in Halifax, West Yorkshire, England; the old head office of Halifax.
HBOS was formed by the merger of Halifax plc and the Governor and Company of the Bank of Scotland, and the formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established Big Four UK retail banks. It is also the UK’s largest mortgage lender. HBOS is a public limited company listed on the London Stock Exchange. A reorganisation of the group initiated by the HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc to the Governor and Company of the Bank of Scotland, which was now a registered public limited company, Bank of Scotland plc.
- Name:
- HBOS PLC
- Type:
- Public (LSE: HBOS)
- Location City:
- Edinburgh
- Location Country:
- Scotland, UK
- Founded:
- 2001
- Industry:
- Finance and Insurance
- Key People:
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- The Lord Stevenson of Coddenham , Chairman
- Andy Hornby, CEO
- Products:
- Financial Services
- Revenue:
- £21,291 million (2007)
- Operating Income:
- £5,149 million (2007)
- Net Income:
- £4,109 million (2007)
- No. of Employees:
- 72,000
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