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Article: City watchdog probing final HBOS rights issue.(News)
- Article from:
- The Journal (Newcastle, England)
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Christopher Knox
THE City watchdog is probing the "accuracy and completeness" of information given to investors by ailing bank HBOS before its rescue by Lloyds TSB last year, it has emerged.
Details of the Financial Services Authority's (FSA) investigation surfaced in documents published alongside Lloyds Banking Group's pounds 21bn fundraising last week.
The probe centres on the pounds 4bn ...