Fund managers are unmoved by reports of a ÃÂ£4bn (Ã¢ÂÂ¬5bn) capital injection plan from UK bank HBOS, despite the ÃÂ£12bn rights issue announced last week by rival Royal Bank of Scotland being warmly received by many investors.

Reports in last weekend's newspapers claimed that HBOS would announce a Â£4bn rights issue at its annual general meeting in Glasgow today. HBOS declined to comment on the reports.

HBOS rights issue rumours leave fund managers cold

Phil Craig

HSBC

Royal Bank of Scotland

Lloyds TSB

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