Superbank approved after HBOS gives thumbs up

A total of 84% of shareholders voted in favour of the deal, which will create a merged entity called Lloyds Banking Group that boasts 3,000 branches and around 145,000 employees. The deal also received 98% share capital backing. It follows the 96% majority vote in favour of the proposal by Lloyds shareholders on 19 November and company chairman, Sir Victor Blank, today praised the HBOS voters for agreeing to what he calls a "compelling business opportunity". The result helped level-out HBOS's share value on Friday, although the bank is still nursing a near 20% loss. Lloyds TSB, meanwhil...