• Most Popular
  • Most Shared

HBOS says takeover by Lloyds TSB still on

LONDON
Sun Oct 12, 2008 3:28pm EDT
A bus passes a branch of Lloyds bank in the City of London September 30, 2008. REUTERS/Andrew Winning

LONDON (Reuters) - Britain's biggest mortgage provider HBOS Plc said the takeover of the bank by Lloyds TSB remained on, rejecting a report on Sunday that the deal had collapsed.

"The deal remains in place and is on track," said Shane O'Riordain, general manager of group communications for HBOS.

He declined to comment on whether the terms of the deal could be renegotiated, after reports it could be as both banks are expected to obtain capital from the government.

Sky Television earlier reported the deal had fallen through, without giving details.

(Reporting by Steve Slater)


More from Reuters

Afghan suicide blast kills eight U.S. civilians

KABUL (Reuters) - A suicide bomber killed eight American civilians in an attack at a military base in southeastern Afghanistan on Wednesday, one of the highest foreign civilian death tolls in an insurgent strike in the eight-year war.

» More Top News
A computer screen image made using Millimeter Wave technology shows a person during a demonstration at the Transporation Security Administration (TSA) Systems Integration Facility in Washington, December 30, 2009. Credit: REUTERS/Jason Reed

Body scans are Obama's call

The Dutch are doing it. So what's taking the U.S. so long to make airport body scanners mandatory?  Full Article | Video 

U.S.
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary