UK

Lloyds TSB and HBOS create a trillion pound giant

 

THE merger of Halifax Bank of Scotland and Lloyds TSB will create a mega-bank holding more than £1trillion of assets.

UK housing market revives following US mortgage bank rescue

 

THE London housing market received a huge boost today as City shares soared after the US Government bailed out the world's two biggest mortgage providers.

Banks offered £50 billion rescue package

A £50 billion rescue package for banks hit by the credit crunch was unveiled by the Bank of England today.