HBOS soars but Goldman/Morgan plummet

HBOS stock had climbed 33.5p, or 22.77%, to 180.6p by 8.48am but Lloyds TSB is struggling, having dropped 19.75p, or 7.06%, to 260p. Meanwhile in New York, shares of Goldman Sachs and Morgan Stanley fell dramatically on fears the duo will struggle to survive in their present form as the last two major independent investment banks. Morgan Stanley is considering a merger with a bank to revive investor confidence after its shares sank 42% this week following the collapse of Lehman Brothers, it has been reported. Its price fell to 21.75 at the close yesterday, a drop of more than 24%, but it...