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The new rule for any bank or financial institution in the world is don't be too dependent on any one source of funding - because in the stormy conditions on world markets, that funding can disappear, sending said bank crashing on to the rocks.
That's the main reason why HBOS last night agreed to be taken over by Lloyds TSB for £12bn.
- Mike Rivero
- Ethan Allen and...
Member Submitted News
Couple donates bug collection worth $10m, a goldmine for researchers: Collection will help scientists piece together a large branch of insects’ family tree and be a resource for scientists who study natural controls on the environmentorraz
House Sets Risky Health Vote, Pass It To Know What's In It.... Healthcare Vote Timing: 3:45 PM - 4:45 PM; Holdouts Dropalexmark
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