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British bank HBOS rights issue flops (AFP)

on 20 July, 2008 20:47:05 | 130 times read

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Lender HBOS failed on Monday to raise almost 4.0 billion pounds from shareholders to boost finances hit by the global credit crisis, forcing the underwriting banks to step in.(AFP/File/Shaun Curry)AFP - British lender HBOS failed on Monday to raise almost eight billion dollars from shareholders to boost finances hit by the global credit crisis, forcing the underwriting banks to step in.



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