The Forum of Private Business isn’t convinced. "Although Lloyds TSB and HBOS are among the better banks in the services they provide for small businesses, there is a danger that, by merging, the choice available to business customers will decrease,” says Nick Palin, the FPB’s director of finance. "The FPB’s advice has always been to shop around for the best deal. However, we are already seeing some of the big-name banks increase overdraft rates and impose restrictive charges. “Fewer banks could mean a lack of competitiveness, less of a chance of securing better rates and more of an uphill struggle for small firms to control costs." Related articles:HBOS, Lloyds TSB, Merrill Lynch, AIG: lovely logosHBOS and Lloyds TSB: the implications for entrepreneursBanking crises: no turning back
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.