How the Merger Affects Us All ; Lloyds/Hbos Tie-Up Means Less Choice On the High Streetth[Pounds] Banking Cri$I$ Th[Pounds] Banking Cri$I$

Summary

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ONE of the most dramatic manifestations of last week's turmoil in the financial markets was the shock merger of mortgage lender Halifax Bank of Scotland (HBoS) into High Street rival Lloyds TSB.

While some issues have been settled, many pressing questions remain.Financial Mail explores the consequences for the millions of customers of the massive new conglomerate.

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How the Merger Affects Us All ; Lloyds/Hbos Tie-Up Means Less Choice On the High Streetth[Pounds] Banking Cri$I$ Th[Pounds] Banking Cri$I$

Is this a done deal?

THE deal will take three to four months to conclude. HBoS shareholders will be asked to vote on the merger and there are rumbles that some big institutional shareholders are not happy. They feel HBoS directors 'bottled it...

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