Thursday, September 18, 2008

have your say

After HBOS - who's next?

They're folding like suitcases... Given the state of HBOS' stock, and the strength of Lloyds' bargaining position - and balance sheet - do you think 232p a share was too hefty a price? And who will be the next financial giant to go? Morgan Stanley?

Posted by mark @ 12:06 PM (853 views)
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3 thoughts on “have your say

  • *sigh*

    It wasn’t 232pence per HBOS share.

    It was 0.83 Lloyds TSB shares per HBOS share.

    No money changes hands – but Lloyds TSB and HBOS can eliminate the counter party risk on any balances between themselves, so all in all, this has to be a good thing from the point of view of their shareholders, taken collectively.

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  • last_days_of_disco says:

    So derivatives are exactly what Buff said they were, weapons of mass financial destruction.

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  • OK let’s have a competition to name the new Megabank
    How about Mega-LLOS?

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