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12 January 2009

Lloyds HBOS merger gets final go ahead from courts

The much anticipated merger between Lloyds TSB Bank plc and Halifax Bank of Scotland has been given the green light by the courts. At the same time, it is confirmed that the British taxpayer will end up owning nearly half the combined bank (44%).

So yet another almost nationalisation. How the mighty are fallen.

See story on BBC website.

Published and promoted by Bob Egerton, TR2 4RS