Today they have fallen 22% to a new low of 223p ..are they another Marconi..?



The chart looks like one long suicide note.

shadow - 13 Oct 2008 16:51 - 529 of 530
Hbos is looking to investors to buy large amounts of stock. Warren buffet is reported to lineing up a substantial amount of funds to buy into hbos

Where did you read that.

This deal will ultimately destroy LTSB and then the government will control 75% of the UK banks...... keep the red flag flying lads!

Warren Buffet will save HBOS and make us all rich!

Wall st off 7% its one vicious cycle tomorrow another bad day.

FTSE down 205 at start today things look very bad

banks have stabilised though. the fall amongst miners has been far greater the last 2 mnths.

God we need some good news.

Well at least retard Rooney did well yesterday

were all doomed !!!! Well LSE are I've just gone into them!

Will they reach 49p someday its hard to say but its having a good try.

down 10% today nearing final capitulation.

another new low...

HBOS what went wrong next Thursday on BBC tv.

Thanks mitzy that will be a good one to watch.

what went wrong is that halifax took over the bank of scotland.......and peter burt was only banker on the board back in 2001...........now on the hbos board there are no bankers. they have no experience and seem to pick young fly by night guys as CEO. old fashioned banking was done away with.

Up 1p on the day still they managed to saty in the blue for a change which is good news.

Agree with you geordie re the lack of banking experience on the Board.

RNS Number : 1957H
Dept for Business, Enterprise & Reg
31 October 2008


31 October 2008

PETER MANDELSON GIVES REGULATORY CLEARANCE TO LLOYDS TSB MERGER WITH HBOS

Secretary of State for Business Peter Mandelson has today given regulatory clearance to
the merger of Lloyds TSB and HBOS plc after
concluding that the merger is in the public interest.

Lord Mandelson will not refer the proposed merger to the Competition Commission for
further investigation, as the possible
anti-competitive effects identified by the Office of Fair Trading (OFT) are outweighed by the
public interest in preserving the stability of
the UK financial system.

POintless RNS - IMHO.
We knew this - and, what's it to do with Mandy?

Anyone watch yesterday's programme about HBOS?
Sadness that Execs are only interested in satisfying their greed.

BBC news: European bid for HBOS!!!

Sky news confirms counter bid.

Without trawling through all the previous posts, can someone tell me please what the original offer price/deal was? There is probably a counter bid coming:
"Scots entrepreneur Jim Spowart believes a European financial services company is interested in taking over the troubled bank.

No detail about the new bid nor the identity of the foreign bank has been given but the interest is "genuine", according to Mr Spowart.

The news comes a day after the UK Government gave Lloyds TSB's planned merger with HBOS the green light.

Mr Spowart is meeting Scottish Secretary Jim Murphy to discuss the possibility of a second bid for the troubled bank. (BBC News)"