Bonfire of the Bankers – Explained

The banking system has been under great strain. Many leading British Banks have started to look vulnerable as a shortage of finance on the money markets means they are struggling to finance their loans.

Merger HBOS – Lloyds HBOS was at risk. In a rushed deal – Lloyds TSB was allowed to take over HBOS / Halifax and Bank of Scotland) – Interesting this creates a firm with monopoly power 30% but fears over the financial system meant it was allowed to merge – the competition commission was waved away.

• What happens if a bank goes bankrupt?
• Financial system collapse?
• Effect of Credit Crunch on Housing Market
• The Mayfair Mafia who helped bring down a bank – The role of Hedge funds in HBOS demise
• Lloyds TSB merger at Times
• Dealing with Credit Crunch