HBOS and Lloyds TSB in merger talks!

It is not an unexpected thing. HBOS shares went down yesterday like a lead balloon. Lloyds TSB has entered the fray to seek the possibility of linking up to become the UK's largest retail bank. Good news for depositors if it comes off. Good news for the economy, I suppose. But it is even better news, if that is the right sentiment, for those that many suspect have been the cause of HBOS' sudden share plunge.

I hope the FSA takes a good look at some of the razor-sharp minds behind this. We need to be guarded against those whose greed is of such anti-social proportions that they know no bounds!

Posted in: banks,HBOS,Lloyds TSB,mergers