Merger to create new UK 'superbank'

HBOS and Lloyds TSB will merge to become Lloyds Banking Group on Monday in a move creating a new UK “superbank”.

Merger to create new UK 'superbank'
Fri, 16 Jan, 2009 - 12:42

HBOS and Lloyds TSB will merge to become Lloyds Banking Group on Monday in a move creating a new UK “superbank”.

The newly enlarged group – by far the biggest bank in the UK – officially lists on the London Stock Exchange after one of the largest ever deals in the sector.

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