RBS, Lloyds Banking deliberately running down balance sheets
How do you force banks to lend when their best customers don’t want to borrow? Make them lend to their worst customers?
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BLOGS
The Edge
Richard Northedge takes on corporate finance
Archive for the ‘RBS’ category
RBS finds there is value in discarded brands
British Leyland proved the benefit of not throwing away old brands: each time its image became too tarnished it reverted to one of its old names.
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RBS investors right to sue
The RBS (LON:RBS) shareholders threatening to sue their former directors and advisers over last year’s rights issue have a point. If the board knew the bank’s problems they were fraudulent in seeking new capital and if they didn’t, they should.
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Why not give us our shares in the nationalised banks?
Every UK household has more than £3,000 invested in Royal Bank of Scotland and Lloyds (LON:LLOY) shares, admitted UKFI, the government agency looking them for us, as it spelt out ways of selling them and the problems involved. So why not just give each household its shares?
Hester pockets Sir Fred’s pension payback
Stephen Hester is set to become Britain’s first £10m nationalised industry boss and all he has to do is double the share price of Royal Bank of Scotland. In a bear market and from a bombed out value, that surely can’t be that hard?
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The recession reaches sports sponsorship
When spending on all other forms of marketing is being slashed, it is not surprising sports sponsorship is struggling. Some of the best deals came from sponsors that could not afford them.
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Financial sector should pay the bank bail-out loss
Finally the chancellor is to admit what this blog has long been warning. Rather than result in a profit for taxpayers, the bank rescues will leave us with a large loss. The point now is who pays?
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“Who is going to bail out the taxpayer?”
At last there is an official inquiry into how the banking crisis happened – but not into punishing those responsible or compensating those that suffered. It is something the government should consider in this year’s budget or next year’s general election.
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Privatising the banks will be harder than buying them
Future years will be dictated by the cost of paying for rescuing the financial system. They will also be dominated by governments’ attempts to sell its stakes in two enormous banks. Perhaps the two are connected.
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The BP-Royal Bank relationship is too cosy
The idea of former Royal Bank of Scotland chairman Sir Tom McKillop
seeking re-election as a director of BP reminds me of the joke about the drunken magistrates.
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