Thursday, Dec 13, 2007
HBOS gets off lightly
BBC: HBOS in £180m credit crunch hit
HBOS, the UK's fourth-largest bank, has said it will make a £180m ($367.7m) write-down of assets as a result of the credit crunch.
Posted by alan @ 09:24 AM (295 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Hpwatcher said...
Funny how they aren't making it very clear that the 180m is only so far....
This baby could run & run...
2. Mark said...
i think it is worse... I have a halifax account, Now I usually pay in a reasonable sum in each month..... however last month I didnt put any money into my account, they sent a letter of panic.... So I really think they are in more sh*t than they admit at moment..
I must mention I dont treat halifax as my main account either!!
3. Guiriduro said...
I was drawn to the amazing spin in this article, an incredible turnaround where they went from 8% of the market in 1H2007 to 18% in 2H. Actually, that paints a pretty dire picture of the market. It means that the Northern Rocks and other sub-prime mortgage brokers in the UK have done so badly that the market has more than halved, such that existing mortgage lenders business appears to have doubled. That's bad news in my book.
4. tyrellcorporation said...
'HBOS gets off lightly'...if you believe the figures that is!
5. planning4acrash said...
And the rest!