Between the lines: 'Nothing wrong' does not mean everything is right
Published Date:
24 July 2008
By Peter MacMahon
THE question is this: do Chinese walls have ears? It has to be posed in the wake of the extraordinary events surrounding the HBOS rights issue.
To recap, as briefly as possible.
Morgan Stanley was one of the two main underwriters of HBOS's £4 billion rights issue which flopped spectacularly in terms of shareholder take-up.
Morgan Stanley is also an investment bank which takes short p...
The full article contains 888 words and appears in The Scotsman newspaper.
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Last Updated:
23 July 2008 8:29 PM
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Source:
The Scotsman
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Location:
Edinburgh
