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The Bank of Scotland name was to be retained for business banking. In 2006, the HBOS Group Reorganisation Act 2006 was passed. The aim of the Act was to simplify the corporate structure of HBOS. The Act was fully implemented on 17 September 2007 and the assets and liabilities of Halifax plc transferred to Bank of Scotland plc.
HBOS plc. Group headquarters on The Mound, Edinburgh. HBOS Office at Trinity Road, Halifax. Halifax offices in Aylesbury, Buckinghamshire. HBOS offices in Lovell Park, Leeds, formerly those of the Leeds Permanent Building Society before its takeover by the Halifax Building Society. HBOS plc is a banking and insurance company in the United ...
The Act allowed HBOS to make the Governor and Company of the Bank of Scotland a public limited company, Bank of Scotland plc, which became the principal banking subsidiary of HBOS. Halifax plc and Capital Bank plc transferred their undertakings to Bank of Scotland plc, and although the Halifax brand name was retained, Halifax then began to operate under the latter company's UK banking licence ...
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Retrieved 6 December 2020. Lloyds Banking Group uses the phrase 'the group was formed in January 2009'. Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. [ 4]
Paul Russell Moore (30 October 1958 – September 28, 2020) was best known as the HBOS whistleblower following his dismissal from Halifax Bank of Scotland (HBOS) in 2004. . Moore was the bank's Head of Group Regulatory Risk and was fired from the role by HBOS Group Chief Executive Office James Crosby following his warnings to the Board about HBOS's risky sales strat
HBOS offices in Lovell Park, Leeds, formerly that of the Leeds Permanent Building Society, before their takeover by the Halifax in 1995. Technology too was beginning to make an impact. In 1964 the board approved a research project to investigate the conversion of mechanical accounting to electronic data processing.
Barclays (1919–28 February 1971) [4] The original British Linen Bank building, Tweeddale Court, in Edinburgh's Old Town. The British Linen Bank was a commercial bank based in the United Kingdom. [5] It was acquired by the Bank of Scotland in 1969 and served as the establishment's merchant bank arm from 1977 until 1999.