A leading fund management group is believed to have sparked an investigation into insider dealing in HBOS shares immediately before last week's takeover plan, reports The Telegraph .
Standard Life Investments said yesterday that the news that the bank was being bought by rival Lloyds "came out inappropriately". "It is important that correct procedures are followed in future and we have ensured that this message has been received by those that need to know," a spokesman said. City watchdogs are expected to investigate huge profits made by speculators in two minutes of trading immediately before the bank's rescue was made public. THE LAST TWO INVESTMENT banks in the US, Morgan Stanley and Goldman Sachs, will become traditional bank holding companies after one of th...
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