Cooley served in the Illinois National Guard for 13 months between 1990 and 1991 before he was discharged as a private, according Lt. Col. Brad Leighton, spokesperson for the force. The announcement came after it was revealed that the Treasury is to own 43.4% of the merged bank after few shareholders bought new shares.Only 0.24% of the new shares HBOS offered to shareholders were taken up. At Lloyds, only 0.5% were purchased.”We are pleased that the capital raising process has completed and that the new, combined group will have a strong financial position,” said Lloyds TSB chief executive Eric Daniels said.The government pledged to underwrite both banks’ rights issues as part of its rescue of the UK banking system in October last year.While the size of the new firm would usually have triggered competition worries, the government waived such concerns arguing that the deal would help maintain the stability of the banking sector.But there have been worries that the bank could limit choice for consumers.At the end of 2008, the Office of Fair Trading said there could be a “substantial lessening of competition” in personal current accounts, bank services for smaller firms https://www.jewelryntjb9.top/, and the mortgage market as a result of the transaction.The government has also intervened and taken a majority stake in Royal Bank of Scotland in a bid to improve its fortunes. The BBC is not responsible for the content of external sites.
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