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HBOS Crisis Nearly Wiped Out Virgin

Sir Richard Branson has said his Virgin Atlantic firm could have been wiped out if Halifax Bank of Scotland had not been bailed out by Lloyds.

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Virgin Atlantic was in danger of disappearing

VIRGIN Atlantic might have "disappeared" if Halifax Bank of Scotland had gone under, Sir Richard Branson has revealed.

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Virgin Atlantic was in danger of disappearing

VIRGIN Atlantic might have "disappeared" if Halifax Bank of Scotland had gone under, Sir Richard Branson has revealed.

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Financial crisis: is it really that bad?

It's obviously not all doom and gloom in these straitened times for lenders....Halifax Bank has just increased the limit on my credit card by a cool £1,500 - without my asking. Is this really what is meant by increasing liquidity in the financial markets? I think we should be told... Full coverage of the financial crisis

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Breaking Business News: HBOS agrees sales of Australian arm for £1.2bn

Troubled bank Halifax Bank of Scotland will sell its Australian banking business for £1.2bn in a bid to boost its balance sheet.

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Darling rolls the dice

ALISTAIR DARLING will this morning announce plans for a sensational fifty billion pound rescue package for the British banking system. The move comes after another day of turmoil in the City during which Halifax Bank of Scotland (HBOS) and the Royal Bank of Scotland's share prices were in freefall, falling 42% and 39% respectively, with HBOS's new owners Lloyds TSB down 13% and Barclays down...

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HBOS takes £400m hit from BankWest sale

Halifax Bank of Scotland has abandoned its Australian ambitions with the fire sale of BankWest at less than half the hoped-for price and at a £400m loss.

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Banking shares up in London after bail-out announcement

London - Banking stocks rallied on the London stock market Wednesday following the announcement by the government of a massive bail-out for the banking sector. Shares in Halifax Bank of Scotland (HBOS) jumped by 27 per cent in early trading, after a ...

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HBOS to sell Australian banking arm

Troubled bank Halifax Bank of Scotland has agreed to sell its Australian banking business for £1.2 billion in a bid to boost its balance sheet.

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HBOS to sell Australian banking arm

Troubled bank Halifax Bank of Scotland has agreed to sell its Australian banking business for £1.2 billion in a bid to boost its balance sheet.

+Vote!

HBOS to sell Australian banking arm

Troubled bank Halifax Bank of Scotland has agreed to sell its Australian banking business for £1.2 billion in a bid to boost its balance sheet.

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Crisis meeting as top firms in UK suffer £100bn wipeout

... shares plummeted by 25 per cent, and the losses put RBS down a mammoth 61 per cent this week. Halifax Bank of Scotland fell 19 per cent yesterday, and 37 per cent over the week. Standard Life shares also fell by 10 per cent, while Barclays tumbled 14 per cent, making a 42 per cent slump in the past seven days.London's FTSE 100 Index endured its worst week since the Black Monday crash of...

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£250bn wiped off Footsie stocks

... their finances. Royal Bank of Scotland lost 25% and is down a mammoth 61% this week, and Halifax Bank of Scotland fell 19%, and 37% over the week. Barclays tumbled 14%, making a 42% slump in the past seven days. Share this article Metro Headlines MORE METRO | Your viewsNo comments have so far been submitted. Why not be the first to send us your thoughts? Add your comment Name:Your email...

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£250bn wiped off Footsie stocks

... their finances. Royal Bank of Scotland lost 25% and is down a mammoth 61% this week, and Halifax Bank of Scotland fell 19%, and 37% over the week. Barclays tumbled 14%, making a 42% slump in the past seven days.

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World markets in freefall as fears of global recession fuel panic

... of the turmoil as speculation mounted over the billions they may need to strengthen their finances.Halifax Bank of Scotland was the biggest Footsie faller, down 25%. Royal Bank of Scotland lost 22%, while Barclays shed 16%. The sell-off sent the value of safe havens such as gold up by as much as 4% as investors took their money out of volatile stock markets.The panic came amid little sign...