David Prosser's Outlook: The banks deserve a day in the sun, but this sub-prime winte

[Legal Beagles]

There won't be too many people who begrudge Andy Hornby and his fellow directors the large paper profits they made yesterday as HBOS shares surged along with the rest of the banking sector. Mr Hornby suffered last week at the hands of speculators who sold his bank short in order to benefit from malicious gossip. Yesterday, he got his own back as shares in British banks reacted so favourably to JP Morgan's much-improved bid for Bear Stearns.


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