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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Lloyds TSB

Lloyds TSB stories: 3 news summaries

Bank of China
in Talks to Buy UK's No. 1 Bank

HBOS would be largest overseas acquisition by Chinese institution

Nov 11, 08 7:12 AM CST
(Newser) - The state-owned Bank of China emerged last night as the main player in a new takeover bid for Halifax Bank of Scotland. HBOS, the largest bank in Britain, is currently being taken over by Lloyds, but a former HBOS executive is now putting together a counteroffer. If the deal goes... More »

MORE ABOUT:
Scotland • mergers and acquisitions • merger • HBOS • Lloyds TSB • Bank of China

Lloyds CEO Vows Bonuses, Despite Bailout

CEO promises execs big paydays for
their 'terrific job'

Oct 21, 08 6:51 AM CDT
(Newser) - The CEO of Lloyds had promised staff that they will receive bonuses even though the British banking giant is being bailed out by the government. Employees were told that Lloyds faced "very, very few restrictions" after taking up to $9.4 billion in government money, reports the Guardian.... More »

MORE ABOUT:
United Kingdom • Gordon Brown • bonuses • Britain • bailout • HBOS • Lloyds of London • Lloyds TSB

UK Props Up Major Banks; Fed Offers Cash

Moves to shore up financial system have global markets rising

Oct 13, 08 7:08 AM CDT
(Newser) - Governments across the globe are acting with “an enormous amount of congruence” and speed as they pour billions of dollars into rescue plans hoping to keep a sinking banking system afloat, reports the Wall Street Journal. The British government today provided $60 billion to prop up 3 banks, and... More »

MORE ABOUT:
Europe • Nicolas Sarkozy • Federal Reserve • Gordon Brown • Royal Bank of Scotland • credit crisis • bailout • HBOS • financial crisis • Lloyds TSB

3 Stories


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