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Lloyds TSB to bailout HBOS for 12.2 bn pounds

British banking major Lloyds TSB has announced that it has reached an agreement for acquiring UK's troubled mortgage lender HBOS for a consideration of 12.2 billion pounds. The offer values HBOS at......

UK's banks have Brexit shock absorbers

A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared, says George Hay. IMAGE: People hold signs in Trafalgar Square during a 'Yes to Europe' rally for......

A tale of two sinking banks

The experiences of HBOS and Indian Overseas Bank show that often loans make money for the lender in the initial years but losses come later when they turn bad, notes A V Rajwade. In one basic way,......

NRI bank clerk jailed for fraud in UK

An Indian-origin clerk who worked for a UK branch of ICICI and stole 80,000 pounds from customers to pay his rent and furnish his house, has been jailed for a year. Harprit Shari, 27, was working......

Global M&A volume reaches $3-trillion mark

Global merger and acquisition volume has reached the $3 trillion mark so far this year, driven by slew of M&A activity pursuant to the financial turmoil across the world, a latest report says.......

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Rediff News

Hbos

News for Hbos

Lloyds TSB to bailout HBOS for 12.2 bn pounds

UK's banks have Brexit shock absorbers

A tale of two sinking banks

NRI bank clerk jailed for fraud in UK

Global M&A volume reaches $3-trillion mark

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