Scottish ex-bankers concede defeat over HBOS takeover

Two former Scottish bankers conceded defeat today in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB.

Fri, 21 Nov, 2008 - 14:08

Two former Scottish bankers conceded defeat today in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB.

The former heads of Bank of Scotland and Royal Bank of Scotland, Peter Burt and George Mathewson, had called on HBOS to abandon the deal and install them as chief executive and chairman.

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