AUTOREFRESH 
PM struggling to shore up HBOS rescue.
By admin || September 30, 2008 at 23:25 GMT
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The Times reports that Prime Minister Gordon Brown is personally fighting to save the proposed rescue of HBOS.
HBOS lost more than £1 bln of its value Tuesday as shares fell by around 20%. The worry now is that Lloyds TSB shareholders will move to block the rescue deal on its current terms. The stockmarket is now valuing HBOS at 35% less than Lloyds is offering in its own shares, so Lloyds shareholders certainly have a case. The vote on the deal is two months away and will need a 75% approval from Lloyds TSB shareholders. Poor old Gordon, he isn’t having an easy time of it.
BREAKING NEWS: Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday it was announced that Karaoke Bank is up for sale and will likely go for a song, while today shares in Kamikaze Bank were suspended after they nose-dived. Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black and there’s also something fishy going down at Sushi Bank. Meanwhile, 500 staff at Karate Bank got the chop.
very clever, and funny too? thanks for sharing.