by Guy Jackson 1 hour, 46 minutes ago LONDON (AFP) - Troubled British bank HBOS, the country's biggest home loan provider, said Wednesday it was in advanced talks that could lead to a takeover offer by its domestic rival Lloyds TSB.The move would create a British retail banking giant and would almost certainly end speculation about the financial strength of HBOS, which has seen its share price fluctuate wildly this week.
HBOS said in a statement: "In the light of market speculation, the Board of HBOS plc confirms that it is in advanced talks with Lloyds TSB Group plc which may or may not lead to an offer being made for HBOS."
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