Halifax Bank of Scotland
Halifax Bank of Scotland
THE Lloyds Banking Group has strongly criticised a major report into the future of banking in the UK, warning that its recommendations "go too far" and ultimately could delay another competitor in the market.
Sir John Vickers, chairman
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AN INTERIM report into a review of the banking sector is expected to conclude today that allowing Lloyds Banking Group to take over HBOS was a mistake because it left the bank with too much market share.
Two years ago, The Scotsman vigorously campaigned against the Lloyds Bank-HBOS "merger" - precisely on the grounds of substantial loss of competition in the fields of retail branch banking and small business lending.
THE takeover of Halifax Bank of Scotland by Lloyds has created a financial institution that is "powerful" and is damaging competition in the UK market, a new report has concluded.
THE former head of Halifax Bank of Scotland, who was in charge when the bank was bailed out by the taxpayer, has today resigned from his chief executive role with high street retail chain Boots.
AFTER his less than glorious exit from HBOS, it looked to the outside world as if Andy Hornby had landed on his feet at Alliance Boots.
BANK of Scotland owner Lloyds is to pay out £500 million in compensation payments after failing to tell hundreds of thousands of customers of a potential rise in mortgage costs.
BANK shares were hit yesterday amid mounting fears the sector's high street activities might need bigger capital buffers to protect them from riskier investment banking operations.
THE UK government may never claw back the taxpayer funds ploughed into Royal Bank of Scotland and Lloyds Banking Group, a report from the National Audit Office (NAO) warns today.
Susan Rice, the head of Lloyds Banking Group in Scotland, tells Bill Jamieson why she is so upbeat. . .
SUGGESTIONS that the controversial "shotgun wedding" of Lloyds TSB and Bank of Scotland could be unscrambled are dismissed today by Susan Rice, managing director of Lloyds Banking Group in Scotland, in an exclusive interview in Scotland on Sunday.
THE chief executive of Lloyds Banking Group has reportedly called on the coalition government to honour a pledge by its predecessor not to unwind the bank's takeover of rival HBOS.
HALIFAX Bank of Scotland and Lloyds Bank may be de-merged, a member of the Independent Commission on Banking has said.
THE commission investigating the structure of Britain's banks may recommend the unwinding of the merger between Lloyds and HBOS.
TWO more Scottish businesses formerly backed by HBOS are facing negotiations over debt with the lender's owner, Lloyds Banking Group.
Halifax has promised to give all new mortgage customers £500 towards their gas and electricity bills this winter.
Following the takeover of HBOS last year, one of the biggest issues to face Lloyds chief executive Eric Daniels was how to deal with the vast property loan book.
Halifax, the UK's biggest cash ISA provider yesterday promised to start paying interest on accounts transferred to it as soon an application form is completed from 2 October. The move comes after an OFT investigation found it took 26 days to switch ISA providers.
FOR 300 years two of Edinburgh's oldest institutions have been bound together in a harmonious working partnership.