Extraordinary times, eh? The BBC is reporting this. We guess it is right. 300p? Hello?
Lloyds TSB is is in advanced merger talks with HBOS to create a giant UK super retail bank, the BBC has learned. The deal, which would create a retail banking giant would end the uncertainty about the strength of HBOS following the calamitous run on its shares. Under the deal, the valuation of HBOS shares would be closer to its closing price last week of 300 pence rather than its current level of around 100p.
