Sep 21 2012 @ 06:50
Lloyds Banking Group (
LSE:LLOY) share price reached a 52-week high of 40.01 pence just a week ago on September 14th. Despite dropping back modestly during the week, it has pushed back to 40.02 at early afternoon today following news that former exec Jessica Harper has sold her home and is moving into a prison cell […]
Sep 20 2012 @ 10:04
The impending IPO of the Direct Line Group may be the biggest buzz around London since the Olympics. In an attempt to gain some insight about what may really happen, I took a stroll over to 221B Baker Street to visit a friend of mine, a certain Mr. Holmes, who has proven rather proficient at […]
Sep 19 2012 @ 09:32
The consumer watchdog agency, “Which?”, has announced the launch of a new, major campaign calling for banking reform in the UK. The campaign, called “Big Change” reveals some startling statistics about the banking industry and promotes a three-pronged solution. It’s an admirable campaign. There’s only one problem: It won’t work. The Banks will refuse to […]
Sep 19 2012 @ 06:10
Have you been short of banking stocks recently. How is that working out for you? What has been surprising in terms of the banking sector in the recent past is the way that while one would have thought intuitively that the Libor scandal might have done from some or all of the contenders in this […]
Sep 17 2012 @ 15:38
On August 1, 2012, I wrote an article about Royal Bank of Scotland Group (
LSE:RBS). In it I said that buyers would gain upper hands, especially following a long period of bearish run. The technical analysis used showed that the stock was supposed to rally after an extended downward movement. The technical reason behind this […]
Sep 14 2012 @ 06:54
British taxpayer-backed Royal Bank of Scotland (
LSE:RBS) unveiled its plan to float its insurance business in compliance with its commitment to the European Commission after the bank was rescued for a £45 billion bailout in 2008, the bank said earlier today. Direct Line Group, Britain’s largest motor, personal, home, and commercial insurance business, is to […]
Sep 13 2012 @ 10:18
It is difficult to resist investigating the case of the Banned Banker of HBOS. This particular section of the community is clearly loved by us so much that we have chosen to save their businesses and jobs via billions in bailouts over the past five years. But at the same time we do not seem […]
Sep 07 2012 @ 08:42
What is it that the banking industry doesn’t understand? What is it that Barclays doesn’t understand? There are days when the news is absolutely befuddling. This is one of them. What the FSA is Saying to Barclays Just reading the morning headlines about Barclays ought to be confusing to UK banking customers. “Regulator warns Barclays: […]
Sep 05 2012 @ 08:27
British Banks have not lost their way, as some suppose. They have re-defined their way. And Martin Wheatley knows it. The Managing Director of the Financial Services Authority, and future CEO of the newly created Financial Conduct Authority, served notice that commissions paid to bank employees for the selling of financial products and services will […]
Aug 30 2012 @ 06:30
Barclays plc (
LSE:BARC) has finally named its new Chief Executive Officer and it turned out to be one of its own. Antony Jenkins, who, before today, was head of Barclays’ Retail and Business Banking, was chosen amongst internal and external candidates for the post in a search that, according to the bank’s outgoing Chairman Marcus […]