Hbos

HBOS - Wikipedia, the free encyclopedia
HBOS was formed by the 2001 merger of Halifax plc and the Governor and Company ... 1.2 HBOS Group Reorganisation Act 2006. 1.3 2008 short selling and credit crunch ...
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HBOS
Provides a range of financial services including retail banking, consumer credit, savings products, and asset management services. Merger of Halifax and Bank of ...
www.hbosplc.com

HBOS Australia
Keep up to date with what's happening at HBOS Australia, straight from our executive team. ... The HBOS group has powerful brands, strong distribution and a ...
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HBOS HBOS:LSE - Performance - FT.com
... of last close on Nov 28 2008, HBOS (HBOS:LSE) closed at 91.30, 61.59% above the ... HBOS Annual Report. Comparative Analysis. HBOS:LSE vs. FTSE 100 ...
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Global 500 2008: HBOS
45. HBOS. Rank: 45 (Previous rank: 58) CEO: Andy Hornby ... See HBOS in... ...Top 50 Headquarters ... They speak out on HBOS and other 500 companies...
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Hbos Share Price HBOS, Stock Quotes, Charts, Share Trades, News
Hbos Plc Share Price (HBOS), Stock Quotes and FREE real time streaming Hbos Plc Stock Charts, company fundamentals, Level 2 Data, Discussion Forums as well as other ...
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HBOS.L: Summary for HBOS - Yahoo! Finance
Get detailed information on HBOS (HBOS.L) including quote performance, Real-Time ... HBOS plc: Business description, financial summary, 3yr and interim financials, ...
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{{Infobox_Company | company_name = HBOS PLC | company_logo = ] | company_type = [Public limited company ({{LSE|HBOS-->)| company_slogan = | foundation = | location = [Edinburgh, [Scotland, [UK | key_people = Dennis Stevenson, Chairman
Andrew Hornby, CEO| num_employees = 72,000| revenue = Pound sterling11,991 million ([)| operating_income=Pound sterling5,341 million ([)| net_income =Pound sterling3,939 million ([)| industry = [Finance and Insurance| products = [Financial Services| homepage = http://www.hbosplc.com/ www.hbosplc.com| -->

HBOS plc () is a banking and insurance group in the United Kingdom, the holding company for Bank of Scotland, which operates the Bank of Scotland and Halifax brands; HBOS Australia, owner of BankWest; and HBOS Insurance & Investment Group Limited, the group's insurance division. Officially HBOS is an initialism not overtly standing for anything, although it is widely recognised to mean Halifax Bank of Scotland. The corporate headquarters of the group are in Edinburgh, Scotland; the old office of the Bank of Scotland. Operational headquarters are based in Halifax, West Yorkshire, England; the old head office of Halifax. {{cite web] and the Governor and Company of the Bank of Scotland, and the formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established Big Four (banks) United Kingdom retail banks. Since its creation it has grown to become the fourth biggest banking group in the UK by market capitalisation. It is also the UK’s largest mortgage lender. HBOS is a public limited company listed on the London Stock Exchange (). A reorganisation of the group initiated by the HBOS Group Reorganisation Act 2006 saw the transfer of the Halifax plc to the Governor and Company of the Bank of Scotland, which was now a registered public limited company, Bank of Scotland plc.

History Formation The Bank of Scotland is the UK's oldest commercial bank, founded by an Act of the Parliament of Scotland in 1695. Halifax was founded in 1853 as the Halifax Permanent Benefit Building and Investment Society, which demutualised in 1997 to become a plc.

The merger of the Bank of Scotland and Halifax occurred during a wave of consolidation in the UK banking market which began in the late 1990s. The Bank of Scotland played a key role in the process, firstly by launching a hostile takeover bid for NatWest, although the bid failed to a rival offer from the Royal Bank of Scotland. It later investigated a merger with Abbey National, when Halifax approached with an offer to merge.

The merger created the fifth largest bank in the UK by market capitalisation, although since 2001 the bank has overtaken Lloyds TSB to become fourth largest.

HBOS Group Reorganisation Act 2006 In 2006, HBOS secured the passing of the HBOS Group Reorganisation Act 2006, a private Act of Parliament that would allow the group to operate in a more simplified structure. 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 transferred to Bank of Scotland plc, although the brand name has been retained.

The provisions in the Act were implemented on the 17th September 2007.

Structure HBOS has 3 main subsidiaries:

Bank of Scotland plc
HBOS Australia
HBOS Insurance & Investment Group Limited

Bank of Scotland plc Bank of Scotland plc is the banking division of the HBOS group, and operates the following brands, United Kingdom

Bank of Scotland
Bank of Scotland Private Banking
Bank of Scotland Treasury Services
Birmingham Midshires
Halifax (bank)
Halifax Financial Services (Holdings) Ltd
Halifax Investment Fund Managers Ltd
Halifax Share Dealing Limited
Halifax Unit Trust Management Ltd
Intelligent Finance
Sainsbury's Bank (50%)

International

Banco Halifax Hispania
Bank of Scotland Corporate
Bank of Scotland International
Bank of Scotland Investment Services
Bank of Scotland (Ireland)
Bank of Scotland (Netherlands)

HBOS Australia HBOS Australia was formed in 2004 to consolidate the group’s holdings in Australia. It consists of the following subsidiaries:

Bank of Western Australia Limited
Capital Finance Australia Limited
St Andrew's Australia Pty Ltd
BOS International (Australia) Ltd

HBOS Insurance & Investment Group Limited HBOS Insurance & Investment Group Limited manages the group’s insurance and investment brands in the UK and Europe. It consists of the following:

esure
First Alternative
St James's Place Capital (60%)
Halifax General Insurance Services Ltd
Halifax Insurance Ireland Ltd

References External links

HBOS plc website