Competition losers

November 3, 2009 7:04pm

“We have made a decision that we will waive the competition requirements in relation to these two banks. That is not going to get revisited.”

Chancellor Alistair Darling, on the merger of Lloyds TSB and HBOS (including Cheltenham & Gloucester and Intelligent Finance), September 17, 2009

“What we really want to do is ensure that we have got proper competition and, therefore, choice on the high street”

Chancellor Alistair Darling, on the break-up of Lloyds Banking Group and the sale of its Cheltenham & Gloucester, TSB and Intelligent Finance brands, November 1, 2009

212.9p

Lloyds TSB share price, September 15, 2008

87.3p

Lloyds Banking Group share price, November 2, 2009

Ever get the feeling you’ve been conned? If you’re a Lloyds shareholder who bought into the story that it would become a UK super-bank, and eventually pay super-dividends, you certainly have reason to.

So to find out what will happen to your shareholding now, click here.