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Entries tagged "HBOS"Debating bank M&AThere's an old journalistic ritual that emerges just about every cycle, when things have really gone bad: It's the fault of mergers and acquisitions. International Bank Watch: 40,000 jobs could be lost in Lloyds-HBOS takeoverGlobal markets were up even though the U.S. automaker bailout bill faces a tough test in the Senate. Japan's Nikkei 225 Average closed up 60.30 at 8720.55, and The FTSEurofirst 300 was up 1.01 at 4411.23. Financial stocks were mixed. ... International Bank Watch: HSBC layoffs, Barclays' bonuses and Lloyds' voteGlobal stocks were mixed. Japan's Nikkei 225 Average closed down 2.3% as investors grew further concerned over Japan entering into a recession. The FTSEurofirst 300 index was up 0.7% at 3382.97. Financial stocks were in play amid reports of layoff and bonus announcements. ... Barclays investors: Bitter, but resignedHave shareholder rights become an oxymoron? Stockholders in British banks are starting to wonder as the financial crisis trounces assumptions about what they should expect.Starting with the nationalization in February of Northern Rock plc, through to Banco Santander SA's low-ball £1.3 billion ($1.9 billion) offer for Alliance & Leicester plc in July, on to September's government-brokered takeover of HBOS plc by a bank half its size, and finally to October's £37 billion banking bailout, which temporarily banned dividend payments, the investor climate has become undeniably harsher.... Lloyds makes a good bet on HBOSIf history is anything to go by, Lloyds TSB Group plc's £12.2 billion ($21.8 billion) purchase of HBOS plc will be a roaring success. ... Investors sell, ECB offers salvoAs expected, Wall Street's meltdown is hammering markets around the world. HBOS Australian unit looks appetizing to CBAAfter Commonwealth Bank of Australia withdrew last week from talks to buy the Royal Bank of Scotland's Australian unit, it now reportedly has its eyes on another British bank's Australian unit. According to The Australian, CBA may offer of up to A$7 billion ($6 billion) for HBOS plc's BankWest unit.... HBOS beats earnings estimates, weighs divestituresStruggling U.K. bank HBOS plc reported better-than-expected half-year results on Thursday, including a 56% decline in pretax profits, and said it was considering "selective asset disposals." It was the first time HBOS, the nation's biggest mortgage lender, had mentioned the possibility of disposals since the credit crisis began a year ago. ... Telegraph talks up HBOS saleThe rumor mill keeps on grinding. London's Daily Telegraph is reporting that J.P. Morgan Chase & Co. is getting together a luncheon club to share out the tastiest morsels of British banking group HBOS plc. Natixis makes cash callFrench lender Natixis SA joined a lengthening queue of European banks going cap in hand to shareholders for new funds, as similar sales by three U.K. banks looked likely to stumble, leaving underwriters and strategic investors nursing losses. ... Short sellers target U.K. banksSignificant short positions in U.K. banks were revealed on Monday following the introduction of a new disclosure regime by the Financial Services Authority on June 20. ... HBOS spooks investors over housing gloomTrouble in the housing market isn't just endemic of the U.S. The U.K.'s largest mortgage lender, HBOS plc, Thursday spooked investors ahead of its impending £4 billion ($7.8 billion) rights issue by issuing a gloomy prognosis of the U.K. housing market and saying more of its customers were falling behind with loan repayments. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "HBOS." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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