Tribunal can right the wrongs of HBOS saga

TODAY The Scotsman reveals another twist in the long-running attempt by Lloyds TSB to take over HBOS. In September, the government ran roughshod over normal competition rules to let Lloyds TSB swallow HBOS, on the grounds that there was no other way of saving the Scottish bank.

However, the Treasury has since recapitalised both institutions, removing the threat to HBOS. A subsequent investigation by the Office of Fair Trading found that if the takeover proceeds, the loss of competition will mean a poorer service for bank cu...