News

Weekly briefs

Sunday 13th of September 1998
Higher price for Countrywide
British banking group Lloyds TSB Group has paid Bank of Scotland $850 million for its New Zealand subsidiary Countrywide Bank.
The purchase price is considerably higher than the $650 to $700 million price that was expected when the deal was announced in July.
Lloyds is to merger Countrywide with its New Zealand subsidiary National Bank, and it has an...
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