The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Friday, August 05, 2005

HBOS Increases Provisions

HBOS Increases Provisions

HBOS has reported an interim six month profit of £2.2BN, an increase of 15%.

In view of this success HBOS has set aside an other £130M, on top of the existing £130M already set aside, to cover claims for endowment policy misselling.

HBOS increased their dividends by 9% to 11.75p.

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