HSBC wants HBOS for free?
HSBC is interested in HBOS but does not want to pay for it. Perhaps HBOS should pay HSBC for the “high honor” of HSBC’s interest? According to a report on website www.Telegraph.co.uk, Lloyds TSB Group is in talks to acquire HBOS, Britain’s biggest mortgage lender. The article says the prime minister has had several conversations with Lloyds chairman Victor Blank about a deal in recent days, citing a source close to the matter, and that HSBC is also interested in a potential takeover but is unwilling to pay anything for HBOS shares. Lloyds is unlikely to pay any more than 2 euros per share, the Telegraph wrote.
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