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Banking

House of Lords written question – answered on 20th July 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government, further to the Written Answer by Lord Sassoon on 4 July (WA 2) concerning Project Merlin, whether the commitment and obligations are made and accepted by HSBC Bank Plc or HSBC Holdings Plc.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

The Project Merlin Banks' statement represents a collective commitment on the part of the major UK banks (Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, and, in the context of lending, Santander).

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