So, now that governments everywhere are underwriting the financial sector does that mean that HBOS no longer needs to merge with Lloyds/TSB?
Might shareholders vote it down even?
So, now that governments everywhere are underwriting the financial sector does that mean that HBOS no longer needs to merge with Lloyds/TSB?
Might shareholders vote it down even?
The banks have been nationalised, at least the risk have been, and if the shareholders do try to enforce their rights they will discover who really owns the banks now.
“The banks have been nationalised, at least the risk have been, and if the shareholders do try to enforce their rights they will discover who really owns the banks now.” –
While Gatano Salvemini turns in his grave…
I certainly hope that there will be a proper due diligence process before this takeover –
proper due diligence
Popular banker: “OK, if we do this for you, you will indemnify us against consequent losses?”
Unpopular Scotsman: “Yes, your Lordship.” 🙂