HBOS shares

setmefree

Dow Jones Opens 1.65% down...lets get ready to Rumble..B of E injects another 20 Billion in to the Banking sector, shame Brown and Darling couldn't find that money for the Tax Payers refund oh dear oh dear oh dear

ad44downey

HBOS Meltdown

It had to happen sometime as they really are a joke of a bank.

But don't worry if the worst comes to the worst the government will use our cash to save them. :mad:

setmefree

ad44downey wrote: »

HBOS Meltdown

It had to happen sometime as they really are a joke of a bank.

But don't worry if the worst comes to the worst the government will use our cash to save them. :mad:

That's until the Deficit reaches such a level that this Government goes down the worst in history

ad44downey

Only down 20% now. They've been saved for another day at least.

setmefree

New rating for HBOS

http://www.iii.co.uk/news/?type=afxnews&articleid=6896075&action=article

sabretoothtigger

Cant access their share dealing or bank accounts online now, if its not related then its very bad timing.

HBOS CDS Widens Dramatically After S&P Ratings Downgrade LONDON (Dow Jones)--

The cost of insuring against default on bonds issued by U.K. mortgage lender HBOS (HBOOY) rose dramatically Tuesday, following a downgrade in the company's credit rating to A+ from AA- by Standard & Poor's Corp.

HBOS five-year credit default swaps widened to 465/515 basis points, from Monday's closing level of 315 basis points and Friday's close of 250 basis points.
This means it now costs roughly $490,000 per year to insure $10 million of HBOS bonds against default for five-years.

"The rating action reflects Standard & Poor's opinion that HBOS' financial profile is less well positioned to manage the deteriorating operating environment than 'AA'- rated global peers," the agency said in a press release Tuesday.

Traders also said that concerns about the wider financial sector stemming from the collapse of U.S. investment bank Lehman Brothers (LEH), and fears surrounding U.S. insurer AIG (AIG), are also weighing on HBOS Tuesday.

In a sign that confidence between banks is slipping, the cost of borrowing overnight funds in the interbank market also rose significantly Tuesday as banks sought to protect their balance sheets and restricted their lending.

However, attempting to counter negative sentiment, HBOS issued a statement Tuesday, saying the bank has a strong capital base and "continues to fund very satisfactorily."
-By Michael Wilson, Dow Jones

zag2me

I can still log into my halifax online account, no run yet

backfoot

I have invited the HBOS CEO to a free annual review of his investments. No obligations.

sabretoothtigger

Are these guys paid their bonus in shares like the lehman guys were. The dividend was also paid in shares...

My ac is bos but I thought it was the same system as halifax basically. Just checked and online bank is ok now but share dealing still awol

julian489289

Hi, I'm new to this forum.

Have 800 shares in HBOS. I understand HBOS is now ripe for a buy out by a bigger financial institute due to the fall in value of some £4b. If this was to occur, what would happen to my shares in HBOS?? Would I completely lose all of my holding.

Should I sell now or wait for the price to recover, thats if HBOS doesn't follow Leiman Brothers??