Saturday, March 15, 2008

Oo bugger thats why their share price is sinking!!

HBOS raises £750m of new capital in a bid to beat credit crunch

HBOS has raised £750m of new capital at a staggering interest rate of almost 9.5%, in a clear sign of the funding crisis facing the world’s banks

Posted by cheekie charlie @ 09:05 PM (1275 views)
Please complete the required fields.

3 thoughts on “Oo bugger thats why their share price is sinking!!

  • It astonished me when I read the article. If HBOS cannot borrow at less than 9.5%, how on earth can it lend at less than that?! OK, it might try balancing the books by slashing savings rates, but then savers will move their money elsewhere.

    Northern Crock II: The Yorkshire Scot

    Please complete the required fields.

  • stillthinking says:

    Why is this? As commented they could have raised their rates for savers instead. I hope the banks haven’t become an informal cartel colluding about interest rates offered to savers.

    Please complete the required fields.

  • who stole my pension? says:

    I cannot get the Times link to work. I have found some information on this web site however, I am not familiar with the accuracy of this web site. HBOS have been lending in a risky way in the past (see– ) so HBOS may now be struggling to raise cash. I think they may avoid asking savers for cash as savers are getting worried over why banks are offering high interest rates. Anybody else got any opinions that they would like to share?

    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
  • 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Your email address will not be published.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>