Saturday, September 20, 2008

HBOS acquried by Llyods TSB

It's natural that the people of Scotland are upset that the 'oldest bank' in Scotland is facing liquidation because 'some folks' failed to pay their mortgages in U.S. 'Bank of Scotland' is the first bank in Europe issue paper currency successfully. It is one the 3 banks in Scotland to print their own notes. May be the new entity will stop this practice.
There were some people who were upset that the new entity (to be called 'Llyods Halifax' did not have word 'Scotland' in the name. Personally i feel, if the name has to reflect all the past aqcuitions it would be 'Llyods TSB Halifax Bank of Scotland', which is too big to be printed on a cheque book. :-)

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