Hbos Tests City's Taste for a [Pounds]4bn Share Issue ; Banking

Summary


HBOS was today taking final soundings through its financial advisers as to whether the City will support another fund-raising for a High Street bank.

Shares in the owner of Halifax and Bank of Scotland today rose 414 p to 497 14 p in hectic trading.

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Extract


Hbos Tests City's Taste for a [Pounds]4bn Share Issue ; Banking

Dresdner Kleinwort and Morgan Stanley, the investment banks standing by to launch HBOS's [pounds]4 billion rights issue tomorrow, a...

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