Superbank approved after HBOS gives thumbs up

Shareholders in Halifax Bank of Scotland (HBOS) today agreed to the bank's merger with Lloyds TSB in ...

Shareholders in Halifax Bank of Scotland (HBOS) today agreed to the bank's merger with Lloyds TSB in a move that paves the way for the creation of the UK's first 'superbank'.A total of 84% of shareholders voted in favour of the deal, which will create a merged entity called Lloyds Banking Group that boasts 3,000 branches and around 145,000 employees. The deal also received 98% share capital backing. It follows the 96% majority vote in favour of the proposal by Lloyds shareholders on 19 November and company chairman, Sir Victor Blank, today praised the HBOS voters for agreeing to what he cal...