attention texas5qld, page-2

Sorry, it was HBOS is was refering to, I pasted the wrong story. Previously there were concerns that Lloyd's TSB may try to recall loans from Valad (refer story below).

Valad seeks to ease fears about HBOS ties
Abstracted from The Australian Financial Review
Valad Property Group will shortly issue an update to investors on markets in which its property funds are active. Those markets include Germany, the UK, France and the Nordic regions. The listed Australian company will also take steps to address any concerns regarding its relationship with Europe's HBOS bank. Concerns are thought to have arisen regarding the impact a bid by Lloyd's TSB for HBOS might have on Valad.

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Now it appears that the UK government have decided to back HBOS (along with other banks). This should stabilse HBOS/TSB's need to move on Valad in the future.

http://www.marketwatch.com/News/Story/britain-expands-bank-bailout/story.aspx?guid=%7B07E624C9%2DE636%2D4701%2DB983%2DB328AF17AFEE%7D

'Banks all over the world have got themselves in huge difficulties, and frankly governments all over the world are having to sort the problem out.'

— Gordon Brown, U.K. Prime Minister