HBOS bank staff snap up shares in show of support

Around 250 directors and senior staff of Halifax Bank of Scotland snapped up more than £6m (€7.7m) worth of the bank’s shares the day after last week’s dramatic price collapse.

Chief executive Andy Hornby led the way in what the bank said was a “demonstration of confidence” in the stock, splashing out more than £400,000 (€515,000) on 92,812 shares with his annual cash bonus last Thursday.