Summary
HBOS, the mortgage bank, sent a shudder through the City today as it warned that it could miss on of its key medium-term financial targets.
It said it "may not quite achieve" its target of a 20% return on equity this year which chief executive James Crosby set the bank two years ago.See the full content of this document
Extract
Shock As Hbos Admits It May Miss Its Targets
Last year's return on equity - a key measure of profitability - was 17.7%.
A spokesman said: "We are not throwing in the towel o...See the full content of this document
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