Summary
HBOS yesterday broke the record for the biggest annual fall in a British bank's share price: more than 90 per cent has been wiped off the value of its shares in the past 12 months.
Yesterday, as the FTSE 100 index of leading stocks closed with the worst annual performance in its 24-year history, HBOS shares were worth just 69p - a price almost unimaginable 12 months ago when the once mighty banking giant was still performing well with a peak price of 741.50p.See the full content of this document
Extract
90 Per Cent: The Biggest Decline in Banking History
With less than two weeks to go before the takeover of HBOS by Lloyds TSB is signed off by the courts, the foundering share price reflects the turmoil that has hit the banking sector over the past year. Those responsible for the decisions that drove Britain's banking sector to the brink of collapse have experien...
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