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  • Business

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......

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,......

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......

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