Press and Journal 2 weeks ago

Financial Services Authority in £4bn HBOS rights issue probe

GROUND FOR COMPLAINT: The UK Shareholders Association is considering a legal action on behalf of HBOS investors The City watchdog is probing the “accuracy and completeness” of information given to investors by HBOS before the bank’s rescue by Lloyds... Full Article at Press and Journal

Related Topics:

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

Related Articles

  1. Bloomberg.com logo
    Lloyds Banking's HBOS Probed by FSA Over Disclosures in 2008 Rights Offer
    2 weeks ago

    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

  2. Irish Independent logo
    FSA probe HBOS information accuracy
    2 weeks ago

    The City watchdog is probing the "accuracy and completeness" of information given to investors by ailing bank HBOS before its rescue by Lloyds TSB last year, it has emerged. Full Article at Irish Independent

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

  4. The Telegraph logo
    Bank breakup: stockbroker tips
    2 weeks ago

    There is a huge amount of information to digest before coming to a conclusion regarding whether investors should take up their rights. And of course until the 24th we do not know what the rights issue is being priced at. Full Article at The Telegraph

View all Related Articles »

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
  2. Let's not miss the elephant in the room. The Government is having to put another £39.2bn of taxpayers' money into the banks – a bigger bailout than the original bailout last autumn.
    George Osborne – George Osborne SOURCE: The Independent 2 weeks ago
  3. They decided they would buy an unopened box with cash. Our cash
    SOURCE: Sky News 3 weeks ago
  4. My instinct tells me they should be able to succeed in pulling off this capital-raising exercise
    – Chris White SOURCE: Bloomberg.com 3 weeks ago
View all Related Quotes »
(What's this?)
  1. Are you a Publisher?

    We built Daylife.com using our SmartMedia Services platform, which can give you thousands of content-rich, advertiser-friendly pages (like this one) on any topic and with full editorial control. Learn More »

    Our Customers
    prev
    next
  2. Our Products
    Daylife Select

    A point & click tool to create dynamic content portals. Learn More »

  3. Daylife API

    Unlimited smart, customizable content to suit any publisher. Learn More »

  4. Enterprise API

    Use the Daylife Platform to distribute content across your sites. Learn More »

  5. SmartContext

    Weave the web's best content into your own. Learn More »

Browse More Photos

Daylife is the web's largest archive of news photos

  1. 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.
  2. People walk past a Lloyds Bank branch in central London, Wednesday Feb. 18, 2009.
  3. GLASGOW, UNITED KINGDOM - NOVEMBER 19: (L-R) Sir David Manning, Ewan Brown and Philip Green non executive directors of Lloyds TSB, arrive at the SECC for a meeting over the planned takeover of HBOS, November 19, 2008 in Glasgow, Scotland.
  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. HALIFAX, UNITED KINGDOM - OCTOBER 13: Leader of the Conservative party David Cameron arrives at the headquarters of the Halifax Bank of Scotland (HBOS) in Halifax, England on October 13, 2008.
  6. LONDON, UNITED KINGDOM - SEPTEMBER 18: In this photo illustration a Morgan Stanley credit card is pictured on September 18, 2008 in London, England.
  7. LONDON - SEPTEMBER 17: Lloyds TSB bank headquarters on September 17, 2008 in London, England. Lloyds TSB is reported to be in merger talks with rival bank HBOS (Halifax Bank of Scotland). HBOS shares have dropped dramatically this week.
  8. EDINBURGH, UNITED KINGDOM - JUNE 26: HBOS signs outside the Edinburgh International Conference Centre, where shareholders will gather to discuss plans for a 4 billion GBP cash injection on June 26, 2008 in Edinburgh, Scotland.
  9. LONDON - APRIL 15: Leading bankers, Andy Hornby, CEO of HBOS (L) and Graham Beale, CEO of Nationwide (R), leave Downing Street following a meeting with the British Prime Minister, Gordon Brown, on April 15, 2008 in London, England.

Cast of Characters

  1. Financial Services Authority
  2. Morgan Stanley Morgan Stanley
  3. Kleinwort Benson
  4. Halifax Corp
  5. Bank of England
  6. Colin Farrell Colin Farrell