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Lloyds Bank seems to be back in love with HBOS

Despite signs that the deal was slowly unravelling it looks as though the Lloyds Bank / HBOS merger is back on track. However, it seems to have taken the intervention of major shareholder Standard Life to bring the deal back to life with the massive institution indicating that it will vote in favour of the deal when it is put to the vote. While this is a very good sign it is not over yet, with a few weeks to go until the vote on the merger goes through - a few weeks in which literally anything can happen.

After weeks of criticising and trying to sideline the deal it seems as though the critics have lost their voice with the deal on a knife edge. Perhaps they now know that their public attacks on Lloyds Bank had put the deal in the balance and the future of literally thousands of jobs at risk.

It will be interesting to see if the critics are silent over the next few weeks with Lloyds Bank now showing its hand and indicating that the deal is still not done by any means. The group is risking £12 billion in the middle of the worst financial crisis for years - surely that deserves some appreciation?

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