Gordon Brown has played a pivotal role in Lloyds TSB's approach to buy HBOS, according to reports.
It has also been revealed HSBC is interested in being involved in a takeover although it is unwilling to pay anything for HBOS shares. Lloyds has set around £2 a share as its limit, reports say. The Telegraph reveals the prime minister has had several conversations with Lloyds TSB chairman Victor Blank about a deal in recent days. HBOS shares rose 5.49% today on the merger news to 192p at 1.00pm. Meanwhile, Lloyds is up 14.83% to 321.25p but HSBC shares are down 0.63% to 834.5p. IFAonline
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