Meanwhile back in the UK, HBOS looks down the back of the sofa for some spare cash...:
HBOS raises £750m of new capital in a bid to beat credit crunch - Times Online HBOS raises £750m of new capital in a bid to beat credit crunch
Iain Dey, The Sunday Times
HBOS has raised £750m of new capital at a
staggering interest rate of almost 9.5%, in a clear sign of the funding crisis facing the world’s banks.
...Cont...
9.5%....!!!!!!!!!!!!!!
Why didn't they just put the dosh on someone's credit card? They would have got a better rate than 9.5%... Maybe all the Director's cards were maxed out.
