Lloyds/HBOS: the shotgun wedding years in the making

Surely it was high time Lloyds TSB made a life-changing acquisition? Surely it had the balance sheet to do so? And surely assets were available at a never-to-be-repeated price? Philip Moore put these questions to Lloyds’ finance director less than a month before its shotgun wedding with HBOS. It’s clear that making a transformational deal for the UK bank was only a matter of time.