Details about Barclays and other banks attempts to rig the LIBOR market for profit are just the latest drip drip drip in the leaking away of the case for bankers.
barclays
I looked last week at the steep rises in US and UK bank share prices as the fear factor has fallen back. U.S. banks are up 50% over the month, for instance. But in the case of certain UK banks, the reversal has been even more extreme. Consider Barclays shares here in the UK. When [...]
Today Lloyds Banking Group ceded control to the UK government in return for UK taxpayers insuring £260 billion of toxic loans it acquired via its government-brokered merger with HBOS. The UK government’s stake has jumped from 45% to 65% under the terms. Lloyds has also agreed with its new owners that it will lend an [...]
With the price of bank shares being driven by fear, should we avoid them completely? Or if we do want to get specific exposure to banks, which banks look the best? As a private investor, I can only tell you what I’m doing (and remind you an index tracking fund should underpin your portfolio, not [...]
Source: Digital Look I don’t know what annoys me more: That Barclays Bank shares rose 72% on Monday while I was still finishing off a post suggesting they might be worth a punt, or that I didn’t buy any myself. Oh ‘greedy’ side of the fear-greed investing equation, how we’ve missed you. I use the [...]
So about two years ago I got talking to a friend’s mother who had inherited Barclays shares, because I am the sort of nerdy person who talks about shares at dinner parties. She had no thoughts on the bank’s future. She simply owned a bit of it. I suggested to my friend that she might [...]