Friday, Sep 26, 2008
Billions: Paulson gambled that share prices at four British banks would plunge
mail: Named: The trader with a £1bn bet that British banks will fall
Paulson & Co was revealed as shortselling four of Britain's five biggest financial companies by holding £1 billion in shares. It has short positions of £352 million (1.18 per cent) in Barclays, £260 million (1.76 per cent) in Lloyds TSB, £90 million (0.95 per cent) in HBOS and £292 million (0.87 per cent) in Royal Bank of Scotland
Posted by big chris @ 06:15 AM (135 views) Add Comment
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