Tuesday, June 24, 2008

Consolidation or market manipulation?

HSBC takeover rumours boost UBS shares

Rumours HSBC could announce a takeover for UBS sent shares in the Swiss bank higher in morning trading. UBS stock rose almost four per cent this morning on speculation HSBC is planning an $80 billion (£40.7 billion) bid for the bank.

Posted by rental john @ 08:02 PM (541 views)
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