Financial crisis hits HBOS

Publicado: 14 Agosto 2008
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HBOS is UK's biggest mortgage lender. 325 jobs will be axe in the bank's mortgage operation and a further 100 in IT. HBOS said it will try to avoid compulsory redundancies and will redeploy staff. The aim will be to reduce duplication between brands.



The bank saw a £4bn rights issue ignored by most investors.