Mandelson gives green light to HBOS-Lloyds TSB merger

The British government gave Lloyds TSB’s planned merger with HBOS the green light today after overruling competition concerns raised by the Office of Fair Trading (OFT).

Mandelson gives green light to HBOS-Lloyds TSB merger
Fri, 31 Oct, 2008 - 17:00

The British government gave Lloyds TSB’s planned merger with HBOS the green light today after overruling competition concerns raised by the Office of Fair Trading (OFT).

Business Secretary Peter Mandelson said the public interest of “preserving the stability of the financial system” outweighed any potential anti-competitive effects.

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