Lloyd’s (LLOY) to takeover HBOS (HBOS)
September 18, 2008 · Filed Under International Investing · Comment
“The deal’s being described as a private sector solution – but this could never have happened without government backing, for reasons we’ll go into in a moment.” — John Stepek
Blogger’s note: You may not have noticed, but two of the Big Five banks in the UK just agreed to a merger.
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