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HBOS says takeover by Lloyds TSB still on
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Posted 13 October 2008 @ 06:42 am GMT
Mortgage provider HBOS said the takeover of the bank by Lloyds TSB remained on, rejecting a report Sunday that the deal had collapsed.
A man walks past branch of the Haifax in an undated file photo. IBTimes/Alan Channer
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HBOS profit up 3 percent as retail margins hit"The deal remains in place and is on track," said Shane O'Riordain, general manager of group communications for HBOS.
He declined to comment on whether the terms of the deal could be renegotiated, after reports it could be as both banks are expected to obtain capital from the government.
Sky Television earlier reported the deal had fallen through, without giving details.
(Reporting by Steve Slater)
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