Market 'Chaos' As Bank Deal Struck ; News of Hbos Rescue Fails to Stabilise Markets As Fear Grips Wall Street Credit Crunch Special
Daily Post › September 18, 2008
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Summary
BREAKING news of a plan to rescue one of Britain's biggest banks from the uncertainty surrounding its future failed to prevent the stock market from falling for the third day running yesterday.
Lloyds TSB finally completed a dramatic rescue of ailing mortgage giant Halifax Bank of Scotland late last night.See the full content of this document
Extract
Market 'Chaos' As Bank Deal Struck ; News of Hbos Rescue Fails to Stabilise Markets As Fear Grips Wall Street Credit Crunch Special
Television news said a takeover deal had been agreed, though the parties themselves and financial authorities would not comment.
The BBC said both firms' boards had agreed to a deal, at a price of 232p per HBOS share, following talks, with the deal formally a...See the full content of this document
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