Did HBOS take on an excessive amount of risk? Well, that question was decisively answered today. Lloyds, the new owners, report that HBOS will take an eye-watering £10 billion pre-tax loss for 2008.At one point today, Lloyds shares were down to 54p. They have since recovered slightly. However, you have to feel sorry for Lloyds shareholders. Since August 2007, the share price has fallen 88 percent.
5 comments:
Lloyds takeover of HBOS - it wasn't the smartest business decision ever taken.
What a moneyloser.....
Lloyds are days away from a complete government takeover.
quick question; HBOS would be bust without the Lloyds buy-up, that is right isn't it?
And how much of this loss will end up with the Taxpayer?
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