Bank says Lloyds/HBOS deal will aid financial stability
LONDON (Reuters) - The Bank of England on Thursday welcomed the proposed merger of Lloyds TSB and HBOS and said the deal would help maintain the stability of the financial system.
"It is part of the necessary adjustment in financial markets and is in the interests of financial stability," the BoE said in a statement.
(Reporting by Matt Falloon)
© Thomson Reuters 2009 All rights reserved.
Pound picking up strength
Sterling will gradually strengthen against the dollar over the next 12 months but is unlikely to move much, a Reuters poll shows. Full Article | Related Story
UK
US
Week Ahead: Obama heads to Asia