Scrutineer: Time to ring the changes at the very top of HBOS

TIGHTER rules on disclosure by short-sellers helped shares in HBOS to rally above the deep discount 275p-a-share right issue price late last week.

But short-selling alone cannot be blamed for the 70 per cent loss of value over the past ten months. The group has suffered a stunning de-rating of its business model, with the prospect of a subdued housing market for years ahead. And that, in my vi...