Thursday, June 12, 2008
They’re unlocking the cupboard with the aqualungs in it at HBOS.
This is eyewatering stuff. Not a dry seat in the house at MS, D.K. or HBOS I imagine. "Under the terms of the underwriting agreement, that will leave Morgan Stanley and Dresdner Kleinwort to pick up the £4bn issue" "In contrast with Bradford & Bingley, there seems little chance the underwriters can escape this time."