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Is HBOS Selling to National Australia Bank (NAB)?

June 26, 2008 · Filed Under International Investing · Comments 
“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 [...]

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