Bloomberg.com logo Bloomberg.com 3 weeks ago

Lloyds Banking's HBOS Probed by FSA Over Disclosures in 2008 Rights Offer

Nov. 9 (Bloomberg) -- Lloyds Banking Group Plc’sHBOS unit, which it agreed to buy last year as part of a government- approved takeover, is being investigated by Britain’s financial regulator over disclosures made prior to a 2008 capital raising. Full Article at Bloomberg.com

Related Topics:

  1. Financial Services Authority
  2. Morgan Stanley
  3. Royal Bank of Scotland

Related Articles

  1. The Independent logo
    The unanswered questions around the emergency HBOS cash call
    3 weeks ago

    Lord Stevenson of Coddenham, the chairman of HBOS, strode excitedly on to the stage at the Edinburgh International Conference Centre, his arms whirling energetically. Full Article at The Independent

  2. The Independent logo
    Inquiry asks if HBOS misled over rights issue
    3 weeks ago

    A Financial Services Authority investigation into whether HBOS's former board may have misled investors at the time of the bank's abortive £4bn rights issue last year could "open the floodgates" to hundreds of civil court actions against Lloyds Banking... Full Article at The Independent

  3. Guardian Unlimited logo
    A £39bn handout – and the great British banking sell-off begins
    3 weeks ago

    The Conservatives have accused the government of creating a "new world record" for bank bailouts as another £39bn of taxpayers' money was injected into Royal Bank of Scotland and Lloyds Banking Group. Full Article at Guardian Unlimited

Related Quotes

  1. A year ago I asked both the Treasury and the FSA whether an investigation was under way. I welcome this confirmation that the sought-for investigation is now taking place and hope it will not just be limited to the documentation but also extend to the statements made from the platform by Lord Stevenson.
    – John Hunter SOURCE: The Independent 3 weeks ago
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009.
  2. LONDON, ENGLAND - AUGUST 05: A general view of a branch of Lloyds Bank in the City of London on August 5, 2009 in London, England.
  3. GLASGOW, UNITED KINGDOM - NOVEMBER 19: Union members protest outside a meeting of Lloyds TSB shareholders over the planned takeover of HBOS, November 19, 2008 in Glasgow, Scotland. The Lloyds TSB shareholders are to vote on whether to back the proposed acquisition of HBOS.
  4. LONDON - OCTOBER 13: Chancellor of the Exchequer Alistair Darling leaves television studios in Westminster on October 13, 2008 in London, England. The British government today announced that it would inject GBP37billion into RBS, HBOS and Lloyds TSB to stabilise the banking sector.
  5. LONDON - SEPTEMBER 18: HBOS Chief Executive Andy Hornby (L) shakes hands Lloyds TSB Chief Executive Eric Daniels after Lloyds merged with the Halifax on September 18, 2008 in London, England.
  6. RNPS IMAGES OF THE YEAR 2009 - "Britain's Got Talent" contestant Susan Boyle gestures to onlookers in Blackburn in West Lothian, Scotland April 21, 2009.
  7. LONDON, UNITED KINGDOM - NOVEMBER 30: ) A general view of the newly refurbished Mosaics of St Joseph the worker, inside Westminster Cathedral on November 30, 2009 in London, United Kingdom.
  8. LONDON, ENGLAND - NOVEMBER 23: Artist David Hockney attends a photocall as he donates a painting to Tate Britain on November 23, 2009 in London, England. David Hockney donated the painting 'Bigger Trees Near Warter 2007' to Tate Gallery in 2008 along with two photographic images of the work.
  9. NOTTINGHAM, ENGLAND - NOVEMBER 20: Britain's Prime Minister Gordon Brown speaks at a cabinet meeting, November 20, 2009 in Nottingham, England.

Cast of Characters

  1. Financial Services Authority
  2. Morgan Stanley Morgan Stanley
  3. Royal Bank of Scotland Royal Bank of Scotland
  4. George Osborne George Osborne
  5. Kleinwort Benson
  6. Halifax Corp