Hbos Resurgence Is It Time to Be Positive? ; at the Least the Welsh Will Be Ok When the Bullet Comes

Summary


Could the surprising comeback by HBOS be a sign fears of a 1930s- style Depression are overcooked?

Shares in Britain's biggest mortgage lender soared 16 per cent on a day when they were expected to plunge.

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Extract


Hbos Resurgence Is It Time to Be Positive? ; at the Least the Welsh Will Be Ok When the Bullet Comes

HBOS, it must be said, owes its revival partly to City rumours it could follow Alliance & Leicester into the arms of a Spanish suitor (BBVA, the country's second biggest bank) better placed to withstand current storms.

Who would have guessed in the 1980s, when the High Street banks were welcomed into the ...

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