The international businesses of Lloyds TSB and HBOS could be less impacted than the onshore brands by the planned £12bn takeover of troubled mortgage giant HBOS by the UK's fourth-largest bank.
While duplication is rife in the two groups’ UK bank branch networks, which include Halifax, Lloyds and Bank of Scotland; insurance and pensions through Lloyds TSB’s Scottish Widows and HBOS’s Clerical Medical; and fund management through Scottish Widows Investment Partnership and HBOS’s Insight Investment, the international picture is more mixed. On the banking side, both Lloyds TSB Offshore and Bank of Scotland International operate from Jersey, offering international banking and mortgages as well as private banking. However, Bank of Scotland International also has a base in the Isle of ...
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