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UK To Bend Competition Law For Lloyds-HBOS Deal

By Brendan Pierson ( September 18, 2008, 12:00 AM EDT) -- The British government is planning to relax its competition rules so that Lloyds TSB can acquire HBOS PLC, the holding company for the Bank of Scotland and the U.K.'s largest mortgage lender, in order to stabilize the nation's financial markets....

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