Footsie Extends Slide As High St Banks Pounded ; Market Round-Up
Evening Standard - London › September 17, 2008
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Summary
THE big High Street banks took another tonking today, leaving investors who this summer took up or underwrote [pounds]16 billion of rights issues from HBOS and Royal Bank of Scotland nursing hefty losses.
Almost [pounds]3.3 billion was wiped from the [pounds]12.2 billion stock-market value of HBOS, which earlier this year tapped shareholders for an extra [pounds]4 billion at 275p. The shares today slumped a further 75.1p to a record low of 157.4p. That makes the deficit for the past two days 124.6p and compares with the 1154p at which the shares were changing hands in February last year.See the full content of this document
Extract
Footsie Extends Slide As High St Banks Pounded ; Market Round-Up
The company yesterday assured the City that its balance sheet remains strong, and its business plan is sound.
Citigroup is among those that do not appear conv...See the full content of this document
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