'It'll Be a Monster-Size Powerhouse in Scotland Centred On the Mound'

Summary


Andy Hornby, the under-fire chief of HBOS, talks to Scotsman business editor Peter MacMahon about the controversial merger with Lloyds TSB and pledges a leading role for his Scottish workforce

MacMahon: "Could you set out what you think is the outcome of the takeover decision?"

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Extract


'It'll Be a Monster-Size Powerhouse in Scotland Centred On the Mound'

Hornby: "I am absolutely convinced that this is the right deal for HBOS, to be part of a group which will be one of the largest and strongest institutions in the European banking industry, let alone just the UK banking industry.

"In these unbelievably tough market conditions we had two objectives. ...

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