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Banking: Lloyds TSB and HBOS

Volume 713: debated on Tuesday 20 October 2009

Question

Asked by

To ask Her Majesty's Government whether, in the light of their facilitation of the takeover of HBOS by Lloyds Bank and their 43 per cent holding in the merged company, they will resist any attempt by the European Commission to force Lloyds Banking Group to divest itself of bank accounts or business subsidiaries. [HL5556]

Talks with the European Commission about Lloyds Banking Group and possible state aid restructuring measures are ongoing and an announcement will be made in due course.