Saturday, September 20, 2008
Broke The Rules But will They Pay?
SERIOUS doubts about Lloyds TSB's takeover of HBOS emerged last night after a leading City figure suggested there had been an abuse of the market rules as talks were being held. Keith Skeoch, the chief executive of Standard Life Investments, said there had been a delay before the talks were formally announced. Stock market rules dictate companies in advanced talks should make a formal announcement to the stock exchange, with trading in their shares being suspended. Panic dictated the government action. is this the final calamity they'll make?