HBoS/Lloyds TSB merger would create top UK 10 insurer
The announcement that Lloyds TSB and HBoS are in talks over a merger has raised the prospect of a new insurance powerhouse which would be ranked among the top 10 in the UK based on gross written premium.
This afternoon HBoS confirmed: "In the light of market speculation, the Board of HBOS plc confirms that it is in advanced talks with Lloyds TSB Group plc which may or may not lead to an offer being
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