It appears that the proposed takeover of HBOS by rival bank Lloyds TSB is in danger of causing more problems than it sought to solve. Shares in HBOS fell in this mornings trading by 11.5% and Lloyds by 7.1% as experts realised that a merger would not solve the underlying problems of HBOS supposed under [...]
UK Finance News
Entries from September 2008
HBOS Shares Take Another Hit
John Williams - Tuesday 23.09.08, 16:01pm
Tags: Banking · City news · Property Market · UK economy
Law Society Issues Warning Over Governments Shared Equity Scheme
John Williams - Thursday 04.09.08, 11:46am
Homebuyers seeking to purchase property under the Government’s new shared equity initiative risk losing out if the property market picks up, warns the Law Society.
The Government’s revised equity share scheme allows vulnerable families who are no longer able to keep up with their mortgage repayments the chance to sell their home and rent it back, [...]
Tags: Property Market · UK economy
