Lloyds TSB has said it is looking at the other brands within the two groups, which include Lloyds TSB's mortgage arm Cheltenham & Gloucester and HBOS brands Intelligent Finance and Birmingham Midshires. Under the proposed takeover, HBOS investors will receive 0.605 of a Lloyds share for every one of their own shares, in a deal valuing HBOS at around £4 billion. There are fears of widespread job losses and branch closures, with concerns that the deal will have a particular impact in Scotland.