• Text size
  • Send this article to a friend
  • Print this article

HBOS chairman critical of hedge funds' role in share price fall

Lord Stevenson, chairman of HBOS, criticised hedge funds whose activities have been blamed for helping trigger a steep fall in the bank�s share price.

Lord Stevenson, chairman of HBOS, criticised hedge funds whose activities have been blamed for helping trigger a steep fall in the bank's share price in recent months as investors gave overwhelming backing to plans for a £4bn rights issue.