Summary
HALIFAX owner HBOS will today try to portray its [pounds]4bn rights issue as a success, despite revealing that take-up from existing investors was as low as 10pc.
Chief executive Andy Hornby will argue that Britain's biggest mortgage lender was prudent in pressing ahead with its fund raising, but was a victim of the worst conditions facing the financial sector for decades.See the full content of this document
Extract
A Brave Face at Hbos
The sell-off in bank stocks earl...
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