HBOS and LLoyds to merge?

The BBC this morning reported on rumours of an impending merger between British banks Lloyds TSB and HBOS Plc, Britains’ biggest mortgage lender.

Lloyds TSB

Lloyds TSB

News of the talks surfaced after HBOS shares fell for a 6th day in a row due to growing fears about its liquidity in light of the raised the cost of borrowing.

Lloyds and HBOS declined to comment.

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