Lloyds TSB shareholders voted today on the proposed takeover of Halifax Bank of Scotland (HBOS) with 95.98% voting in favour of the deal. Shareholders also approved proposals to raise £5.5 billion by issuing new shares and special preference shares. The takeover will create a new banking giant called Lloyds Banking Group, which will comprise almost [...]
More: Lloyds TSB shareholders vote in favour of HBOS takeover