Ok. No gags about Mayfair bank robbers. There was panic selling in the market for HBOS on Monday.

After Bradford & Bingley’s near implosion, shares in HBOS, Britain’s leading mortgage bank fell almost 14 per cent during early trade in London.

At 8.30 HBOS was down 56p at 345p. That compares with its rights issue price of 275p.

Bradford & Bingley was off 26 per cent – or 23.2p – at 65p once trading finally got underway.

Related links:
Bradford & Bingley statement

This entry was posted by Paul Murphy on Monday, June 2nd, 2008 at 8:32 and is filed under Uncategorised. Tagged with Bradford & Bingley, hbos. Edit this entry.