Lloyds TSB has unveiled details of its £12.2bn takeover of HBOS.
In terms of what this means for the consumer, the BBC have quite a good Q&A.
Basically, if you have a mortgage or savings with either of the banks, there is nothing to worry about.
There will be job losses, however, and shareholders may lose out. I have a few shares in Lloyds TSB but I hoping in the longer term they will recover. (The shares were originally my grandad's old TSB shares so they have sentimental value too.)
In terms of what this means for the consumer, the BBC have quite a good Q&A.
Basically, if you have a mortgage or savings with either of the banks, there is nothing to worry about.
There will be job losses, however, and shareholders may lose out. I have a few shares in Lloyds TSB but I hoping in the longer term they will recover. (The shares were originally my grandad's old TSB shares so they have sentimental value too.)