HBOS to complain over SCH Abbey bid
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HBOS HBOS.L says it will write to the European Commission to complain about Santander Central Hispano&#39;s continuing ties to Royal Bank of Scotland despite the Spanish bank&#39;s bid for Abbey National.
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The National Consumer Council considers making a "super-complaint" about the BSkyB-Virgin Media TV row.
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LONDON/MADRID  - Spanish bank Santander claimed  victory for its 8.7 billion pound ($15.6 billion) agreed  takeover of Britain's Abbey National after its most likely  rival, UK bank HBOS, pulled out of the race.
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HBOS, based in Edinburgh, said last month it was considering making an offer for Abbey after Santander, Spain s biggest lender, agreed to buy the London-based bank in Europe s biggest-ever cross- border bank ...
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A Spanish bank seeking to buy Britain&#39;s Abbey National says it will dismiss about 3,000 workers to achieve costs savings, if the buyout is approved.
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UK bank HBOS says it will not be making an offer for Abbey, clearing the way for the bid from Spanish bank Santander Central Hispano.
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Spain&#39;s Santander Central Hispano has claimed victory with its bid for Abbey National after HBOS, seen as the most likely rival suitor, backed out of the race.
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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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D-Day is looming for James Crosby. Whether it is this week or next, the chief executive of HBOS does not have very long left to decide whether to launch a counter-bid for Abbey National.
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Banking group HBOS today stayed silent on claims that its bosses will meet this week to finalise plans for a Â£10bn (â¬14.7bn) bid for Abbey National.
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If James Crosby, chief executive of HBOS, has any lingering doubts about the decision to drop plans to bid for Abbey National and instead go for organic growth, then he should take heart from the following story.
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HBOS, the UK's fourth biggest bank, says a failed customer retention plan has seen its share of new mortgages slide.
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Peers are expected to clash over Northern Rock amid claims its best assets have been 'hived off' to a private firm.
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Banco Santander would walk away from its Â£8.2bn offer for Abbey National, the mortgage bank, if a rival bid from one or more UK banks led to a lengthy investigation by the competition authorities.
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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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HSBC Holdings Plc, Europe&#39;s biggest bank by market value, and Standard Chartered Plc are vying for control of Korea First Bank after neither of the UK-based lenders could agree a price with Newbridge Capital Ltd.
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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.