//
Yesterday (September 16th), shares in HBOS plummeted by 40 per cent and have more than halved since trading on Monday morning.
Around 22 million people in the UK are customers of HBOS, reports the Daily Telegraph.
Jane Coffey, a fund manager at Royal London Asset Management, said events in the US had sent financial shockwaves around the world.
She commented: "We think HBOS shares have been oversold. I don't think the market has got it right. To sell the shares now means that you are assessing that HBOS is the next rescue candidate."
HBOS provides business, corporate and retail banking, in addition to insurance and investment services.
Learn more about investing in stocks and shares with the help of Knowledge to Action.
