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The new group was named Halifax Bank of Scotland (HBOS) with headquarters in Edinburgh, and retained both Halifax and the Bank of Scotland as brand names. Halifax branches in the rest of the UK use the Bank of Scotland brand for business banking. In 2006 the Bank of Scotland (Ireland), HBOS's main retail bank in Ireland, announced that it would ...
Michael Race - Business reporter, BBC News. January 9, 2025 at 2:14 PM ... Halifax, and Bank of Scotland customers the option to use branches of any brand for in-person banking, as well as "apps ...
The Money Programme found that during the investigation, brokers advised the undercover researchers to lie on applications for self-certified mortgages from, among others, the Bank of Scotland, the Mortgage Business and Birmingham Midshires. [29] All three were part of the Halifax Bank of Scotland Group, Britain's biggest mortgage lender.
HBOS Group wished to restructure the bank into a public limited company (plc) governed under the Companies Act 1985, and transfer the assets and liabilities of its other UK subsidiaries with a banking licence (Capital Bank, Halifax plc and HBOS Treasury Service plc) to the new Bank of Scotland plc. By doing it could save the costs of ...
Lloyds Banking Group has announced plans to close 45 branches across the Lloyds, Halifax and Bank of Scotland networks. See below if your local bank is one of those impacted and what date they are ...
In 2001, a wave of consolidations in the UK banking market led the former Halifax Building Society—which originated in 1853—to agree to a £10.8 billion merger with Bank of Scotland. [12] Trustee Savings Bank (TSB) can trace its roots back to the first savings bank founded by Henry Duncan in Ruthwell, Dumfriesshire, in 1810. TSB itself was ...
It offered commercial and corporate banking services under the Bank of Scotland brand and retail banking services under the Halifax brand. From 10 February 2010 the bank no longer accepted new business and it ceased to operate as a licensed bank on 31 December 2010. [1] The assets of the bank were merged into Bank of Scotland plc. [2]
In 2003, Bank of Scotland Offshore Limited, which had been incorporated in the Isle of Man in 1998, was merged with Halifax International Limited, which had been incorporated in Jersey in 1990. In 2011, following the acquisition of HBOS by Lloyds TSB Group (subsequently renamed Lloyds Banking Group), customer accounts were migrated to Lloyds ...