Financier admits defeat in HBOS battle

A financier who tried to broker an alternative deal to the proposed takeover of HBOS conceded defeat today.

Financier admits defeat in HBOS battle

A financier who tried to broker an alternative deal to the proposed takeover of HBOS conceded defeat today.

Jim Spowart, who founded Intelligent Finance and Standard Life Bank, blamed UK Government ministers and a series of leaks for ending his campaign to stop the Lloyds TSB deal going through.

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