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Banking Times: Daily Banking News (Free subscription) | 07/24/2008
HBOS saw its share price rise by more than 12% yesterday, on rumours that BBVA, Spain’s second largest bank, is contemplating a bid. Earlier this week, HBOS suffered the indignity of gaining the support of only 8.29% of shareholders for its £4 billion fundraising. Underwriters Morgan Stanley and Dresdner Kleinwort were left with around £3.5 billion worth [...]
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The Irish Times (Free subscription) | 07/24/2008
ANGLO IRISH Bank gained 14.8 per cent as Irish financial stocks rose yesterday, buoyed by reports that Spanish bank BBVA may consider buying the UK's largest home lender, HBOS, which owns Bank of Scotland (Ireland) and Halifax.
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Payment News (Free subscription) | 07/24/2008
Chris Skinner writes that he's found the "first Bank 2.0. It's Spanish. It's BBVA." More information - including some snazzy screenshots of how the online bank looks on an Apple iPhone - on BBVA's developer's website - Strands. Earlier this year, Strands acquired both NetworthIQ and Expensr.
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Manchester Evening News (Free subscription) | 07/24/2008
SHARES in the UK's biggest mortgage lender, , soared on rumours of a possible takeover approach from Spanish bank .
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The Independent (Free subscription) | 07/24/2008
Positive comment from Goldman Sachs powered Friends Provident, the life insurer, to gain more than 13 per cent or 10.5p to 90.6p yesterday.
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icWales (Free subscription) | 07/24/2008
With the wider market also enjoying an improvement in upbeat trading, the FTSE 100 Index closed up 85.8 points at 5449.9.
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Reuters UK (Free subscription) | 07/23/2008
LONDON (Reuters) - Shares in lender HBOS rose more than 12 percent on Wednesday, lifted by market talk of bid interest from Spanish rival BBVA and a broad recovery across the financial sector, traders said.
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The Independent (Free subscription) | 07/23/2008
The FTSE 100 was up 68 points at 5432.1 at 11:57 am this morning. The banking sector was strongest and HBOS was the subject of a round of bid rumours – Britain’s largest mortgage lender advanced by more than 10 per cent or 26.75p to 287.75p as traders citied talk that BBVA, the Spanish banking group, was mulling an offer. The talk comes only days after Santander, another Spanish bank, approached Alliance...
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ziomal.biz (Free subscription) | 07/23/2008
HBOS shares rise 10% on rumours the UK's biggest mortgage lender may be a takeover target for Spain's BBVA.