The Endowment Diary

The Endowment Diary

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

Friday, March 03, 2006

HBOS Hit By Endowment Losses

HBOS Hit By Endowment Losses

HBOS has announced that it made £4.81BN in pretax profits last year.

However, owing to the endowment scandal it had to take a £260M provision for endowment mis-selling.

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