Finding Limit to Hbos Deal As Banking Dominoes Continue to Totter

Summary

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Another day another bank, the dominoes that began with Lehman Brothers are wobbling one after another.

This time it is HBOS all over again, with the difference than nobody can blame short-sellers. The FSA has banned them. One suggestion yesterday was that the ban was making things worse because anybody with doubts about the Lloyds TSB bid, or its terms, had to dump shares they actually owned, rather than take a side bet.

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Finding Limit to Hbos Deal As Banking Dominoes Continue to Totter

Assiduous readers of this column should not have been surprised. It noted a week ago that the HBOS share price was losing touch with th...

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