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European Salon de News, Discussion et Klatsch - 21. July | 84 comments (84 topical, 0 editorial, 0 hidden)

BBC NEWS | Business | HBOS investors snub share issue

Investors in UK bank HBOS have overwhelmingly declined the chance to buy new shares in the firm.
The top mortgage lender announced that just 8.29% of the new shares offered in its £4bn rights issue were taken up

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Mon Jul 21st, 2008 at 04:56:24 AM EST
[ Parent ]

Re: Europe (none / 0)

This is going to kick off a wave of instability in the UK banking system. HBOS will be okay since the underwriters will pony up but the underwriters will be screwed and investors will take note that the banking stocks can only go down.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Jul 21st, 2008 at 06:32:34 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 21. July | 84 comments (84 topical, 0 editorial, 0 hidden)

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