I remember seeing yesterday a UK financial/business blog talking about the level of short interest in HBOS.
That level being a great deal smaller last week than it had been during the rights issue thing.
I can\’t find it today….anyone know which blog it was?
maybe this?
http://shortstories.typepad.com/globalequities/
Tim adds: It wasn’t that one but it’s the same information. Ta!
FTAlphaville?
we are going to regret this hasty mash-up of Lloyds and HBOS. It’s the converse of the adage about if you owe £1 to a bank you are the problem but if you owe £1m, the bank is the problem. You simply don’t want to create financial behemoths. The ability of Lloyds and HBOS combined to damage the economy has got to be greater than the ability of them separately.
I think FTalphaville gets it spot on with the headline “Does the FSA know what it is doing?” .