HBOS considering up to £4 billion rights issue

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HBOS considering up to £4 billion rights issue

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04-28-2008, 03:51 PM

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HBOS considering up to £4 billion rights issue

The board of HBOS is to meet today to discuss a multi-billion-pound rights issue to shore up its balance sheet. Chairman of the group, Lord Stevenson of Coddenham, has called the discussions ahead of the bank’s annual shareholder meeting tomorrow in Glasgow, at which it is expected to announce further write-downs.According to reports in Sunday [...]

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