Independent Commission on Banking (ICB) has claimed that the financial crisis led to Lloyds acquiring rival HBOS. The Commission also found a lack of price transparency in the current account market of Lloyds as well as difficulty in switching accounts.

The acquisition strengthened the position of Lloyds Banking Group in the market. The ICB believes that it could be damaging for the retail banks in the UK. The extent of Lloyds's strong position on competition in the retail market is not known yet.

The ICB was set up by the Government, last year to evaluate the financial crisis. It has also been looking at a potential break-up of Lloyds following its rescue takeover of HBOS. The commission has also suggested that the reversing of acquisition could be helpful in improving the market situation.

The commission may force the Lloyds Banking Group to sell more than 600 branches. The commission is expected to call for more newcomers in the market.

Most of the potential investors are concerned about the impact of market situation on their investments.