Call to protect HBOS buyout
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.
Amid speculation that the group could be forced to split, Eric Daniels said the promise he received at the time of the deal - that competition concerns would be waived - should stand.
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Saturday 26 May 2012
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