HBOS

HBOS shares have fallen again this morning after the bank announced existing shareholders took up just 8.29% of its £4bn rights issue.

The chairman of HBOS yesterday criticised the failure of Britain's financial regulators to punish insider trading, as he asked shareholders to back the bank's £4bn rights issue despite its share price sliding below the subscription price for the fourth...

The City regulator has ended its investigation into the short selling of HBOS shares despite repeated attacks on the bank that last week pushed its stock price below the level of a planned rights issue, The Guardian reports.

Britain's largest mortgage lender HBOS warned UK house prices will fall by as much as 9% this year.

HBOS, the country's biggest lender, was last night desperately defending its fundraising plans after its shares slumped to record lows, putting its £4bn cash call under severe pressure, The Guardian reports.

HBOS, the UK's most widely-held share, will seek to raise £4bn of extra funding from a rights issue for its existing two million shareholders.

HBOS has increased rates on a range of its two-year fixed rate and tracker deals despite calls from Gordon Brown to follow the Bank of England's rate cut lead.

Robert O'Hara has joined Invista Real Estate Investment Management (Invista REIM) as head of HBOS funds it was announced today.

Clerical Medical has appointed John van der Wielen as sales director.

HBOS Financial Services says it plans to expand the business after appointing Barry O'Dwyer as products and marketing director.