Gordon Brown
Gordon Brown says he wants to end 'irresponsible' behaviour by financiers
Gordon Brown has pledged to "clean-up" the financial system following the rescue of Britain's biggest mortgage lender HBOS by Lloyds TSB.
The prime minister said he had taken "quick action" to "maintain the stability of the financial system".
But he said he also had proposals to end "irresponsible behaviour" in the money markets to prevent similar problems happening in the future.
The government by-passed competition laws to allow the takeover to happen.
The £12.2bn deal will create a mega bank that will dwarf its nearest rivals in the UK mortgage and savings market.
It follows the dramatic collapse in the share price of HBOS, Britain's biggest mortgage lender, amid fears it was exposed to bad debt.
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