Thursday, October 2, 2008

M&G gives megabang a warmer feeling

Lloyds TSB's HBOS rescue wins fresh support

M&G, the investment arm of the insurance group Prudential, has come out in support of Lloyds TSB's controversial £12 billion rescue takeover of HBOS. It plans to vote in favour of the deal in respect of its Lloyds shares and HBOS shares. It owns more than 2 per cent of each. Investors holding only Lloyds may prove to be more active in demanding that Lloyds squeezes a better deal from HBOS, particularly if due diligence over the next few weeks uncovers a further deterioration in its loan book.

Posted by dohousescrashinthewoods @ 02:25 PM (354 views)
Please complete the required fields.



One thought on “M&G gives megabang a warmer feeling

  • dohousescrashinthewoods says:

    That should read megabank – it wasn’t intended to be a crude euphimism!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>