What is HBOS Lloyds?

HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009.

Do HBOS shares still exist?

Lloyds announced the takeover of HBOS on 18 September 2008. The government eventually took a 43% stake in the enlarged Lloyds Banking Group but no longer owns any shares after selling its final tranche in May.

Are HBOS shares now Lloyds?

HBOS shareholders, of which there are about 2m private or retail stockholders, are being offered 0.605 Lloyds shares for every HBOS share they own. The average HBOS small shareholding is 333 shares. With the Lloyds deal approved, someone with 333 HBOS shares will end up with 201 Lloyds shares.

Who took over HBOS?

Lloyds Bank
Lloyds Bank took over HBOS in January 2009. Lloyds Bank has defeated the legal battle posed by 5,803 former Lloyds TSB shareholders, challenging the bank over acquiring HBOS in 2009,BBC Newshas reported. Halifax and the Bank of Scotland merged to create HBOS back in 2001.

Are HBOS and Lloyds the same?

unprecedented turbulence in the global financial markets, HBOS plc was acquired by Lloyds TSB. The new company, Lloyds Banking Group plc, immediately became the largest retail bank in the UK. Its registered office, and Scottish headquarters, is the historic Bank of Scotland building on The Mound, Edinburgh.

What are HBOS shares worth today?

Current Price

70.10
0.00 0.0%

How do I find out what my shares are worth?

Simply multiply your share price by the number of shares you own. For example, let’s say you own 35 shares of stock for Company A. You search “Company A stock price” and see that at this moment, each share is worth $85. Now, calculate 35 shares times $85 and you’ll get a total value of $2,975.

What happen to HBOS?

The marriage between the Halifax Building Society and The Bank of Scotland was valued at £30bn, but it collapsed just seven years later – with all of that value completely wiped out. HBOS became part of the Lloyds Banking Group and needed a £20.5bn injection from UK taxpayers to prevent it from crashing.

How much did Lloyds pay for HBOS?

The deal valued HBOS at around 5.9 billion pounds.