Shares in Britain’s largest mortgage lender HBOS (HBOS) have been making the news for all the wrong reasons.

US hedge fund Harbinger Capital shorted HBOS stocks, revealing under new disclosure rules that it held a 3.3% short position, worth about 345 million pounds.

Lansdowne Partners and Meditor Capital Management also revealed short positions of less than 1% in the bank, according to a report by Thomson Reuters.