<strong>October</strong><br />Blank and Lloyds chief executive Eric Daniels call HBOS chief executive Andy Hornby to discuss the possibility of a takeover, as HBOS struggles with its burdensome property assets.<br /><br /><strong>15 September 08<br /></strong>Gordon Brown approaches Blank at a cocktail party and assures him that competition law will not be an obstacle to any potential takeover of HBOS.<br /><br /><strong>17 September 08<br /></strong>Rumours of the imminent collapse of HBOS are compounded by a ratings downgrade from both Fitch Ratings and Standard & Poor’s, sending the bank’s stock plunging by half to 88p. HBOS later confirms that it is in talks with Lloyds over a deal to create a £30bn “superbank”.<br /><br /><strong>18 September 08<br /></strong>Blank and Lloyds chief executive Eric Daniels unveil the takeover. Blank dubs the agreement a “landmark” deal.<br /><br /><strong>19 January 09<br /></strong>In an interview conducted on the day the deal closes, Blank says: “I believe everything is out there as far as HBOS is concerned. They've made three or four statements over the course of last year explaining exactly what their financial position is.”<br /><br /><strong>13 February 09<br /></strong>Lloyds takes a £10bn hit on HBOS, about £7bn of which was from impairments in the HBOS corporate lending division.<br /><br /><strong>5 May 09<br /></strong>Reports emerge that disgruntled shareholders, including Aviva Investors, are preparing to vote against Blank’s re-election at the bank’s June 5 AGM. UKFI gives no guarantee of its support for him.<br /><br /><strong>17 May 09<br /></strong>Blank confirms he will leave the bank before its 2010 AGM.