HBOS Files Complaint Over Santander Bid
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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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UK bank Alliance & Leicester held talks last month about a possible takeover by Spanish bank Santander, reports say.
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THE Halifax Bank of Scotland group, HBOS, has known since May that Spain&#39;s Banco Santander Central Hispano wished to buy Abbey National.
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UK bank HBOS says it will not proceed with an offer for Abbey.
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The European Commission first expects to make a decision next week on competition issues raised by the bid from Spain&#39;s Santander Central Hispano for Abbey National, a spokeswoman says.
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EU COMPETITION commissioner Mario Monti has backed Banco Santander Centrale Hispanoâs Â£8.75 billion bid for Abbey National. Monti suggested support for a Spanish bid, saying: &quot;At first glance, it is a contribution
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LONDON (CBS.MW) -- British bank HBOS (UK:HBOS) on Monday was added to Deutsche Bank&#39;s pan-European focus list. It was added &quot;ahead of potential bid for Abbey National (UK:ANL) on basis of very little downside
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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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LONDON, September 9 (New Ratings) - Santander Central Hispano (BSD2.FSE) has indicated that it is selling a 2.51% stake in Royal Bank of Scotland Group Plc, in an attempt to seek regulatory approval to acquire UKâs Abbey National Plc.
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Halifax-to-Bank of Scotland group HBOS has said it has pulled out of a potential takeover battle for Abbey National. The announcement that it will not be bidding clears the way for Spain&#39;s Santander Central
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LONDON, August 23 (New Ratings) - HBOS Plc (HB7.ETR) is reportedly planning on complaining to the European Commission about the continuing cross-shareholdings between Banco Santander Central Hispano (BSCH) and Royal Bank of Scotland (RBOS), despite the
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Farepak customers are set to protest outside HBOS offices, for its role in Farepak's collapse.
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Business & money: Bank admits it was warned on more than one occasion amid fierce criticism from shareholders
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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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BANKING giant HBOS yesterday said it had pulled out of a potential takeover battle for Abbey National. The announcement that it will not be bidding clears the way for Spain&#39;s Santander
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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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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.