The credit crisis and weakening economy has led to HBOS posting a huge slump in profits.HBOS said pre-tax profit fell from £2.99 billion in the first half of 2007 to £848 million compared with the same period a year ago. Bad debts increased 36% to £1.31 billion as customers defaulted on loans. Furthermore, HBOS said [...]
HBOS pre-tax profits plunge over 70%
