Thursday, Sep 18, 2008
have your say
Yahoo: After HBOS - who's next?
They're folding like suitcases... Given the state of HBOS' stock, and the strength of Lloyds' bargaining position - and balance sheet - do you think 232p a share was too hefty a price?
And who will be the next financial giant to go? Morgan Stanley?
Posted by mark @ 12:06 PM (533 views) Add Comment
3 Comments
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1. mark wadsworth said...
*sigh*
It wasn't 232pence per HBOS share.
It was 0.83 Lloyds TSB shares per HBOS share.
No money changes hands - but Lloyds TSB and HBOS can eliminate the counter party risk on any balances between themselves, so all in all, this has to be a good thing from the point of view of their shareholders, taken collectively.
2. last_days_of_disco said...
So derivatives are exactly what Buff said they were, weapons of mass financial destruction.
3. a saver said...
OK let's have a competition to name the new Megabank
How about Mega-LLOS?