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Howard’s unorthodox riding style may yet cripple the black horse

In Blog by Ian Fraser1 Comment

12 December 2008 HOWARD Brown, the Halifax teller-turned-minor celebrity,  risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s trading update this morning is scary stuff. In what appears to be an exercise in “kitchen sinking”, HBOS has revealed that its balance sheet is in …

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Sir George on Peston: he’s a Treasury puppet and it’s a disgrace

In Blog by Ian Fraser2 Comments

16 November 2008 Former Royal Bank of Scotland chairman Sir George Mathewson doesn’t think too highly of BBC business editor Robert Peston (who was lampooned in Silly Money, tonight’s Bremner Bird & Fortune programme). In an interview published in today’s Sunday Times (Mathewson: Riding to the rescue of HBOS), Mathewson who retired from …

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Scots bid to rescue HBOS from takeover

In Article Library by Ian Fraser1 Comment

By Ian Fraser and Michael Tait Published: The Mail on Sunday Date: 9 November 2008 Top bankers launch amazing boardroom coup TWO of Scotland’s most prominent bankers yesterday launched an audacious coup to take control of troubled HBOS. Sir Peter Burt and Sir George Mathewson have demanded the resignation of …

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If only you’d reined in the ‘nasty bastards’, Dennis

In Blog by Ian Fraser0 Comments

13 October 2008 Lord Dennis Stevenson, the former chairman of HBOS, last year gave a remarkably candid interview to Melanie Reid of the The Times. Speaking to Reid, and in a remarks to mental health conference in Glasgow, Stevenson admitted he has been a long-term sufferer from depression. To my mind, …

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Call to sack HBOS directors

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 28 September 2008 NONE OF the 15 board directors of Halifax Bank of Scotland should be permitted to join the board of the merged Lloyds Halifax banking and financial services group. The stark claim comes from Professor Stewart Hamilton, one of Scotland’s leading …

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Tide of sentiment begins to turn for HBOS shares

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Sunday Herald Date: 29 June 2008 Analysts admit Scottish banking giant’s low market valuation is ‘getting silly’ OVERWHELMINGbacking last week for HBOS’s £4 billion rights issue is being seen by analysts this weekend as a turning point in the Scottish bank’s fortunes. Thursday’s vote, in which 98% …