The Independent logo The Independent 2 weeks ago

Inquiry asks if HBOS misled over rights issue

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

Related Topics:

  1. Morgan Stanley
  2. Financial Services Authority
  3. Kleinwort Benson

Related Articles

  1. The Independent logo
    The unanswered questions around the emergency HBOS cash call
    2 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

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 2 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. Australia's Matt Giteau reacts after missing his conversion kick in the final seconds of their Autumn Test rugby union match defeat by Scotland at Murrayfield stadium in Edinburgh, Scotland November 21,2009.
  7. EDINBURGH, SCOTLAND - NOVEMBER 21: Wycliff Palu of Australia is tackled during the Bank Of Scotland Corporate Autumn Tests match between Scotland and Australia at Murrayfield on November 21, 2009 in Edinburgh, Scotland.
  8. EDINBURGH, UNITED KINGDOM - NOVEMBER 20: Will Genia of Australia in action during the Australian Team Training Session at Murrayfield on November 20, 2009 in Edinburgh, United Kingdom.
  9. CAMBRIDGE, ENGLAND - NOVEMBER 19: Prince Philip, Duke of Edinburgh, who is the Chancellor of Cambridge University, attends a service at King's College, Cambridge to mark the 800th anniversary of the University on November 19, 2009 in Cambridge, England.

Cast of Characters

  1. Morgan Stanley Morgan Stanley
  2. Financial Services Authority
  3. Kleinwort Benson
  4. Halifax Corp
  5. John Hunter