EUs next victim of the financial crisis

[Italkcash Newsfeed]

HBOS the British mortgage company is negotiating with Lloyds about a take over. The HBOS stock dropped 50% today. FSA issued a statement earlier today “We are satisfied that HBOS is a well- capitalised bank that continues to fund its business in a satisfactory way”. The statement was issued to avoid panic on the stock market.

But HBOS is not the only bank that could be in trouble. Spanish La Caixa, Banco Pastor, Danish Danske Bank and Swedish Swedbank could be the next victim.

The Doc