The Endowment Diary

The Endowment Diary

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

Thursday, March 01, 2007

HBOS Profits

HBOS Profits

Congratulations to HBOS, which has announced a 26% rise in profits for 2006 to £2.12BN.

This despite that fact that last year HBOS had to set aside a £95MN provision for compensation related to customer complaints over the bank's sale of endowment mortgages.

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