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HBOS chief warns credit crunch will last into 2010 HBOS chief warns credit crunch will last into 2010

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Old 08-09-2008, 06:26 PM
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Post HBOS chief warns credit crunch will last into 2010
In an interview broadcast by the BBC on 6 September, Andy Hornby, the chief executive of HBOS, warned that he considers it could take 18 months before US house prices start to rise again. HBOS owns the Halifax, which is the UK’s largest mortgage provider.In his opinion, until the situation in the US improves, [...]

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