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How the BBC Affected The Forunes Of HBOS And Lloyds TSB

HBOS PLC, owners of the Halifax, and Lloyds TSB PLC are said toi be in advanced talks about a merger. We know this because the British Broadcasting Corp. says so.

Neither company would comment on what they called “market speculation.” BBC business editor Robert Peston said that the talks were “very advanced” and could be wrapped up this week.

A scoop? If so, a scoop in the financial markets that has not been confirmed. Which makes it a rumour. And rumours in the City can create problems, and fortunes.

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Posted: 17th, September 2008 | In: Money, TV & Radio | Comments (6)