Darling noted that merger documentation referred to HBOS having access to liquidity offered by the central bank. "The directors of Lloyds were told by the ...

The chancellor said it was part of the central bank's remit to act as "lender of last resort" when banks found it difficult to raise money from wholesale ...

Meanwhile, UK Chancellor of the Exchequer Alistair Darling reiterated his government's pledge to halve the deficit in four years and signaled his department ...

Finance minister Alistair Darling is likely to stick with April's forecast of 1.0-1.5 percent growth for 2010 when the figures are reviewed in next month's ...