Thursday, December 13, 2007

HBOS gets off lightly

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 (612 views)
Please complete the required fields.



5 thoughts on “HBOS gets off lightly

  • Funny how they aren’t making it very clear that the 180m is only so far….

    This baby could run & run…

    Reply
    Please complete the required fields.



  • 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!!

    Reply
    Please complete the required fields.



  • 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.

    Reply
    Please complete the required fields.



  • tyrellcorporation says:

    ‘HBOS gets off lightly’…if you believe the figures that is!

    Reply
    Please complete the required fields.



  • planning4acrash says:

    And the rest!

    Reply
    Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>