Peter Burt, Chief Executive of the Bank of Scotland at the Bank's headquarters in Threadneedle Street, London. The Halifax and Bank of Scotland today agreed a 28 billion merger in a move which creates Britain's fifth largest bank. * The two banks will operate under a new holding company, HBOS plc, but will continue to trade under their current brand names. Halifax chairman Dennis Stevenson will chair the combined group, BoS chief executive Peter Burt will become full-time deputy chairman and Halifax chief executive James Crosby becomes group chief executive. 24/02/04: Sir Peter was named as

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Peter Burt, Chief Executive of the Bank of Scotland at the Bank's headquarters in Threadneedle Street, London. The Halifax and Bank of Scotland today agreed a 28 billion merger in a move which creates Britain's fifth largest bank. * The two banks will operate under a new holding company, HBOS plc, but will continue to trade under their current brand names. Halifax chairman Dennis Stevenson will chair the combined group, BoS chief executive Peter Burt will become full-time deputy chairman and Halifax chief executive James Crosby becomes group chief executive. 24/02/04: Sir Peter was named as the first chairman of newly merged broadcaster ITV. The 59-year-old, who oversaw the bank's 28.5 billion merger with Halifax in 2001, edged out other candidates thought to include Tesco chairman John Gardiner. ITV, which was created through the 6 billion merger of Carlton Communications and Granada earlier this month, said the appointment would take effect from March 15.