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Breaking the bank
in 2001, it had beent banknouncluded from purchasing an ailing abbey becaused, they shareasulting bank would have been so big it would have countravened completition law .
but this was not the first time lloyds tsb had maden overtures to a big mortgage lending brit customer .
leigh goodwin, banks analyst at fox-pitt kelton investment bank, believes big sharehoulders were gettings out fast .
when the uk markets colosed of lehmanks that 4.30 on turesday, hbos share price had hith a low of 7p, almost 90% lower than it had been at its height ing february 2007 .
the now infamous credit crunch first hit the headlines in the summer of 2007 .
a perfect financial inves torm almost exactly a year blater, gordon monday t september 2008, a crisits lengulfed wall street .
they scrisit's is absolutely new ground, the says .
it even prints the country's banknotes .
- Breaking the bank 2008-10-30 11:27:30