Lloyds TSB announces 'multi-brand strategy'

www.moneynews.co.uk > Banking > Lloyds TSB announces 'multi-brand strategy'

Lloyds TSB announces 'multi-brand strategy'

Fri 5th Dec 2008

Halifax and the Bank of Scotland will continue to exist on high streets in the UK in 2009, thanks to the multi-brand strategy announced by Lloyds TSB today.

Lloyds TSB is set to take over the Halifax Bank of Scotland (HBOS) group next year, after the acquisition was approved by its shareholders last month.

But the bank announced today that Halifax branches in England and Wales will continue to operate under the Halifax logo and brand, while Bank of Scotland branches will do likewise in Scotland.

Lloyds TSB said the merger will give it the largest network of bank branches in the UK.

Eric Daniels, Lloyds TSB group chief executive, said: "We believe that our brands are the strongest in the UK retail financial services sector and we are very focused on growing and developing them."

Last month two senior ex-bankers, including the former chief executive of the Bank of Scotland, tried to stop the buyout deal saying it did not offer the best value for shareholders.

Click here for more banking news

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : LloydsTSB
	Lloyds TSB increases interest rates for its Young Saver account
	'New' universities contribute to higher mortgage rates
	Property prices rise across London and UK, studies show
	Lloyds' decision to leave PPI row supported by uSwitch
	Lloyds TSB fixed rate mortgage 'offers choice'
	Savings accounts provider Lloyds TSB launches social media scheme
	Savings account provider Lloyds TSB highlights Scottish recovery
	Lloyds buy to let mortgage announcement 'is restrictive'
	Savings accounts provider Lloyds TSB supports increased use of fivers
	Lloyds TSB savings accounts 'not impressing consumers'

Related News : Halifax
	Halifax reveals affordability boost for first-time buyers
	UK house prices fall in August, says Halifax
	People pay out 7m per year due to 'cowboy' traders, claims Sainbury's
	Tighter times mean British households go bargain hunting, claim Halifax
	Halifax announces longest ever balance transfer credit card deal
	Lenders see ten-month high in first-time buyer mortgages
	First Direct launches new fixed-cap tracker mortgage
	Housing affordability for first-timers at 8 year high, claims Halifax
	NLA survey reveals landlords jittery over possible rate increases
	Halifax: Not enough people are saving for home deposits