Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Monday, March 24, 2008

Vote of Confidence in HBOS

The BBC reports that senior management and staff at HBOS have bought over £6M of the bank's shares after a steep fall in the firm's share price last week.

The bank said the move was a "demonstration of confidence" after it was hit by "malicious rumours".

HBOS CEO, Andy Hornby, spent £414,000 of his annual bonus to buy 92,812 shares.

HBOS executive directors and 250 senior managers, purchased 1.4 million shares at 446.25p.

No comments:

Post a Comment