Monday, June 16, 2008

More dry rot found in foundations of UK banking?

HBOS faces scrutiny on UK housebuilder exposure

HBOS owns 50 percent of private housebuilding firm Crest Nicholson, and the value of that stake could be marked down to reflect a slump in the value of its debt and in the share price of listed housebuilders, analysts said.

Posted by rental john @ 05:36 PM (414 views)
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