OFT to investigate HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.

It is considering whether the merger will fall under the provisions of the Enterprise Act 2002.

In a statement to the London Stock Exchange, it says: “Should it be found to be a relevant merger situation, the OFT will further consider whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services that warrants reference to the Competition Commission for investigation and report.”