Shareholders question HBOS’s property market exposure

June 17, 2008
HBOS shareholders are putting pressure on the bank to provide detail about its exposure to the beleaguered housebuilding industry. The bank has a major interest in builders including McCarthy & Stone, Cala, Crest Nicholson, Tulloch and the Miller Group, and questions are now being asked about potential losses or any asset write-downs on these investments. The questions have come on …

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