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Tag: hbos

 

Lloyd’s (LLOY) to takeover HBOS (HBOS)

Published on September 18, 2008

“The deal’s being described as a private sector solution – but this could never have happened without government backing, for reasons we’ll go into in a moment.” — John Stepek
Blogger’s note: You may not have noticed, but two of the Big Five banks in the UK just agreed to a merger.
The news [...]

Posted by John Stepek · Filed Under International Investing | Leave a Comment 

Is HBOS Selling to National Australia Bank (NAB)?

Published on June 26, 2008

“So far HBOS has posted nearly GBP 4 billion (about $7.95 billion) in writedowns from the UK’s failing real estate market. And in lieu of selling chunks of itself to foreign banks to bring capital back into the company, HBOS’s shareholders just voted today to issue 1.5 billion new shares in a rights sale [...]

Posted by Stephanie Grimmett · Filed Under International Investing | Leave a Comment 

Foreign Investment: Should HBoS follow Royal Bank of Scotland’s lead?

Published on April 28, 2008

“That’s a huge amount of money. It’s so large that it’s tough to get a handle on just how much money it is. Let’s just say that if a company with a market capitalization of £12bn was added to the FTSE 100 this morning, it’d slot in somewhere around [...]

Posted by John Stepek · Filed Under International Investing | 1 Comment