Hbos Share Traders 'Robbers'

Summary


TRADERS who cashed in on falling share prices in troubled bank HBOS were branded "bank robbers" and "asset strippers" last night by the Archbishop of York.

In a wide-ranging and critical speech, Dr John Sentamu spoke of an "Alice in Wonderland" market, in which "the share value of a bank is no longer dependent on the strength of its performance, but rather on the willingness of the Government to bail it out".

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Extract


Hbos Share Traders 'Robbers'

Speaking at the Worshipful Company of International Bankers' annual dinner, Dr Sentamu said: "...

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