We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Pyrrhic victory

15 August 2008 By George Hay

Sure, the underwriters for the struggling UK mortgage lender have got the rights issue away. A cut price, the regulator s support and a relatively high 28% takeup mean the banks aren t on the hook for much money. But reputations still matter and there the pain will linger.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)