HBOS Plc (HBOS-LN)

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[$] Lloyds to close all C&G branches

Financial Times Jun 9

The bank is set to close all its 164 branches at mortgage arm Cheltenham & Gloucester, a move that would put more than 1,600 jobs at risk

Alliance Boots Taps Hornby as CEO

Wall Street Journal Jun 8

The former HBOS chief executive, heavily criticized for his role in the bank's demise, is to join Alliance Boots as chief executive.

[$] Hornby to take helm at Alliance Boots

Financial Times Jun 7

The former HBOS chief is set to take the top job at Alliance Boots, in a move that could help him restore his reputation, which was badly damaged during last year's HBOS crisis

[$] Blank survives stormy Lloyds AGM

Financial Times Jun 5

Shareholders voted through plans to re-elect the chairman of Lloyds Banking Group after a stormy meeting at which dozens of investors questioned the level of due diligence carried out on HBOS

Lloyds directors who did HBOS deal face scrutiny

Reuters May 27

Three directors at Britain's Lloyds Banking Group who took part in the decision to buy HBOS may get a rough ride from shareholders next week after a proxy voting agency voiced concerns about their re-election.

Lloyds’ Blank to Retire, Pressure on Daniels Builds

Bloomberg May 18

(Update2) Lloyds Banking Group Plc Chairman Victor Blank plans to step down, increasing pressure on Chief Executive Officer Eric Daniels to leave after the government- brokered purchase of HBOS Plc pushed Lloyds into state control.

Lloyds Chairman to Step Down

New York Times May 18

The Lloyds Banking Group said its chairman, Victor Blank, planned to step down by June 2010.

Lloyds Chairman Victor Blank Plans to Step Down by June 2010

Bloomberg May 17

Lloyds Banking Group Plc said Chairman Victor Blank plans to step down by June of next year, after the government-brokered purchase of HBOS Plc at the peak of the credit crisis led it to fall into state control.

Lloyds Banking chairman stepping down

MarketWatch May 17

Lloyds Banking chairman reportedly leaving in year

MarketWatch May 17

Lloyds Expects 2009 Pretax Loss

Wall Street Journal May 7

Lloyds said it still expects to make a pretax loss this year despite a good revenue performance in the first quarter.

Lloyds may cut up to 25,000 jobs following HBOS deal: report

MarketWatch Apr 9

Lloyds Banking Group [s:lyg] is drawing up plans to cut as many as 25,000 jobs following its acquisition last year of HBOS, according to a report in The Daily Mail newspaper. The lender will begin telling staff about the plans in the next four to...

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HBOS plc is a United-Kingdom based company. It is the holding company of the HBOS Group. It operates through five divisions: Retail, Corporate, Insurance & Investment, International and Treasury & Asset Management. The Company’s Retail range of products includes personal and business banking products and services to 23 million customers. In October 2008, Commonwealth Bank of Australia announced that it has acquired the Bank of Western Australia Limited (BankWest) and St Andrew’s Australia Pty Ltd (St Andrew’s) through the execution of a sale and purchase agreement with United Kingdom-based HBOS plc.

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Category: Regional Banks

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