Thursday, July 17, 2008

Embattled HBOS cuts jobs as rights issue humiliation looms

Embattled HBOS cuts jobs as rights issue humiliation looms

SCOTTISH banking giant HBOS announced plans to cut 650 jobs yesterday, as its share price crashed to a new low – only hours before its £4 billion rights issue closes.

Posted by gordonbrown @ 09:17 AM (625 views)
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2 thoughts on “Embattled HBOS cuts jobs as rights issue humiliation looms

  • Time to go back to the supermarket Andy. If you claim the credit on the way up, you should accept responsibility on the way down. No, I don’t suppose your job is on the line though, is it?

    Signed
    a peed off shareholder.

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