Wednesday, Mar 19, 2008
Review of HBOS postion
Guardian: Double jeopardy: why the Halifax lost a little extra capitalisation
In a little over a year HBOS's stockmarket capitalisation has fallen from £40bn to under £18bn, HBOS, the largest liquid savings institution in Britain, still relies on the wholesale market. Alex Potter, banks analyst at Collins Stewart, believes this has contributed to the dent to sentiment. "They have wholesale funding pressures and a surprisingly large amount of this sub-prime exposure." Still directors bonus are now linked to short term gains rather than long term stability. Still filing their boots.
Posted by who stole my pension? @ 05:45 AM (311 views) Add Comment
2 Comments
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1. techieman said...
Isnt BMS part of HBOS? Hmmmmm........
2. planning4acrash said...
With money markets closed, they must be getting their liquidity from bank of england, yen and now dollar carry trade and fire sales. How long before it all falls down?