According to reports from Robert Peston at the BBC, both Halifax Bank of Scotland (HBOS) and Lloyds TSB (LLOY) are in advanced talks on a merger. The news comes as HBOS shares show extraordinary volatility in London trading, so far trading anywhere between 88 pence and 214 pence per share according to Google Finance. HBOS shares have [...]

More: HBOS and Lloyds TSB in merger talks

This isn't a buy out - it's a rescue!

i agree, a rescue indeed!!!
will mean a lot of job cuts, which is a nightmare though.