In 2007, it became a 50:50 joint venture with Halifax Bank of Scotland, later Lloyds Banking Group.
The loans came from the Halifax Bank of Scotland (HBOS) branch at Beauclerc House in Queens Road, Reading.
Lloyds Banking Group was formed from the merger of Halifax Bank of Scotland and Lloyds TSB late last year.
Sir James was appointed chief executive of Halifax Bank of Scotland in 2001.
The case centred on Lloyds' acquisition of Halifax Bank of Scotland at the height of the 2008 financial crisis.
According to the Halifax bank, if the tax's threshold is increased only by inflation, 4.6m homes will exceed its value by 2020.
It is taking over agency offices, previously owned by the Halifax bank.
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The cost of owning a home by the sea has more that doubled over the past decade, the Halifax bank has said.
The annual study by the Halifax bank took into account factors such as jobs, housing, health and crime as well as weather, traffic and broadband access.
The house-price measures compiled by the Halifax bank and the Nationwide building society are designed to avoid distortions caused by variation in the type of property being sold.
Bank of Scotland was part of the HBOS group - along with the former Halifax bank - before HBOS itself was taken over by the Lloyds Banking Group in 2009.
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It comes after Lloyds TSB merged with Halifax Bank of Scotland (HBoS) last year, which has led to a major review of operations that could affect some 5, 000 people in Bristol.
Standard Life expects the bank to make a profit in 2002, but Mr Spowart has already moved on to Halifax bank, for which he is next month starting a new telephone and Internet bank, Intelligent Finance.
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As a group, Lloyds Banking Group, which includes Halifax and Bank of Scotland, witnessed the most complaints.
The decision does not affect borrowers with Halifax and Bank of Scotland.
HBOS, created by the merger of Halifax and Bank of Scotland in 2001, hoped to become a powerful new competitive force in British banking, offering superior prices and services to households and businesses.
Halifax, a bank, says that prices rose by only 3.7% in the year to April, and by 1.2% in the first four months of the year.
Within hours all pretence of maintaining a statesmanlike consensus over the bail-out of Royal Bank of Scotland (RBS) and HBOS (formed by the merger of Halifax Building Society with Bank of Scotland) had vanished.
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The Halifax, now a bank, said on October 2nd that its index had gained a more sedate 6.9%.
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The Commission considered that Abbey National was an important force for competition in the PCA market, regardless of whether the proposed merger between Bank of Scotland and Halifax proceeded.
The merger with Bank of Scotland will make Halifax for the first time a force to be reckoned with in mainstream banking.
Sir James Crosby presided over the creation of the giant bank when it was formed in 2001 from the merger of the Bank of Scotland and the Halifax.
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Earlier, in October 2008, the bank had written to some Halifax customers, telling them it would raise the standard variable rate (SVR) 'cap' on their mortgages from 2% above the Bank Rate to 3% above it.
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Sir Peter Burt, the Bank of Scotland boss who engineered its merger with the Halifax Building Society in 2001, and Sir George Mathewson, a former chief executive and chairman of Royal Bank of Scotland, are now campaigning to persuade shareholders to oust HBOS's current top management and install them instead.
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But such is Mr Spowart's reputation as a financial entrepreneur that Halifax agreed to his demand to locate the new bank in Edinburgh.
ECONOMIST: The financial industry in Scotland is enjoying a quiet boom
HBOS, which was formed from the merger of the Halifax, a former building society, with the Bank of Scotland, would presumably be as entitled to government support on its own as is, say, the wounded Royal Bank of Scotland (RBS).
Masterton stepped down from the Bank of Scotland in 2001 after it was merged with Halifax.
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Ten lenders including Halifax, Lloyds TSB, the Woolwich, First Direct, Royal Bank of Scotland and NatWest all said they were reducing their SVR by half a percentage point shortly after the cut.
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