HBOS to decide this week on Abbey
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The board of HBOS is due to decide this week whether to bid against Spanish bank Santander for local rival Abbey National, newspapers say, but HBOS declined to comment.
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Abbey National staff were today expected to discover how many jobs will go in the bankâs planned takeover by Spanish group Santander Central Hispano.
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HBOS today assumed a spoiler&#39;s role in Santander Central Hispano&#39;s Â£8.3bn takeover of Abbey National by highlighting the Spanish bank&#39;s ties to the Royal Bank of Scotland.
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The European Commission received a protest letter Tuesday from British bank HBOS about the proposed takeover of rival Abbey National by Spain&#39;s largest bank, Santander Central Hispano.
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HBOS is said to be in talks with potential financial backers over how to fund an Â£8bn takeover bid for Abbey National in a move to break up a takeover plan from Spain&#39;s Banco Santander Central Hispano.
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Fox will post episodes this week of returning series such as âPrison Breakâ and âBones,â along with new shows such as âK-Ville.â
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&quot;These things tend to be decided by egos as much as by financial logic, but HBoS has shown its ability with a level head to walk away from a deal.
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HBOS, THE Halifax and Bank of Scotland group that is considering whether to make a bid for Abbey National, yesterday reacted furiously to a statement from Mario Monti
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The networks will soon have to decide whether to entrust the intricacies of soap opera plots to the unseasoned pens of executives and producers.
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LONDON Santander Central Hispano of Spain looked certain to clinch its bid for the British mortgage lender Abbey National, after HBOS, Britain&#39;s biggest home-loan company, said Wednesday it would not counterbid, and after the European Commission cleared
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Spanish bank Santander claimed victory for its 8.7 billion pound ($15.6 billion) agreed takeover of Britain&#39;s Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.
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A listing of news events to watch for in the coming week.
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News events to watch for in the coming week.
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Abbey National was last night poised to become part of Santander Central Hispano, Spain&#39;s largest bank, after HBOS dramatically dropped plans for a counterbid and the European Commission approved the deal.
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HBOS , Britain's biggest  mortgage lender, said profits are on track to rise 4 percent  this year but it will take a 180 million pound ($367.7 million)  hit on the value of assets due to the credit crunch, which will  also hurt margins.
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British bank HBOS announced it would file a complaint to the European Commission regarding Santander Central Hispano's (SCH) multi-billion-pound bid for Abbey National due to competition issues.
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The European Commission is taking all the time it needs to rule on Banco Santander Central Hispano&#39;s bid for Abbey National, competition spokeswoman Amelia Torres said Monday.