The European Commission endorses UK restructuring plan in favor of a UK bank (Lloyds Banking Group)

"State aid: main developments between 1 September and 31 December 2009"* Lloyds Banking Group is the entity resulting from the acquisition of HBOS by Lloyds TSB in January 2009. In 2008, HBOS was on the brink of bankruptcy as a result of risky lending and heavy dependence on wholesale funding. In view of the importance of

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Koen Van de Casteele, The European Commission endorses UK restructuring plan in favor of a UK bank (Lloyds Banking Group), 18 November 2009, e-Competitions Bulletin November 2009, Art. N° 37533

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