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HBOS shares plunge by 50%

HBOS shares continue to fluctuate for a second day as prices plummet by 50% to lows of 88p per share.

The shares are yo-yoing amid rumours that HBOS is at an advanced stage of negotiations to merge with rival lender Lloyds TSB.

The Financial Services Authority has reiterated that HBOS is a well-capitalised bank in a bid to control the wilding dipping share price.

At time of writing HBOS shares had stabilised, trading at 186p per share.


Rates on the rise again is predicting a lender U-turn on the recent rate cuts in the coming weeks.

IMLA hits out at extension of SLS

Peter Williams, executive director of IMLA, says the Bank of England’s decision to extend the term of its Special Liquidity Scheme is madness as it will exclude a lot of broker lenders.

Pink boss calls for FSA regulation

Neil Hoare, associate director of marketing and IT at Pink Home Loans, is calling on the Financial Services Authority to regulate secured loans. He says: “Pink has always held a strong view that the sector is becoming more regulated and that the secured loans industry should be a part of the advice process.”

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]


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