Troubled HBOS in 'advanced takeover talks'

Troubled UK banking group Halifax Bank of Scotland confirmed today it was in “advanced talks” over a potential takeover by rival Lloyds TSB.

Troubled HBOS in 'advanced takeover talks'

Troubled UK banking group Halifax Bank of Scotland confirmed today it was in “advanced talks” over a potential takeover by rival Lloyds TSB.

Such a move would create a mortgage and savings giant with more than £330bn (€415bn) of mortgages and £300bn (€378bn) of deposits.

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