Friday, Nov 14, 2008
HBOS shambles latest
BBC: HBOS sees risk of nationalisation
HBOS says that it could face nationalisation if its proposed takeover by Lloyds TSB is not approved by shareholders. It said it would need significantly more capital were the deal with Lloyds to collapse, making the loss of private sector status more likely. HBOS urged shareholders to vote in favour of the merger. Two former top bank executives had opposed the deal, saying it should remain independent.
Posted by jack c @ 10:40 PM (234 views) Add Comment
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