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cash_is_king

Listed below are comments made by cash_is_king between Monday, 21st April 2008 and Monday, 14th July 2008.

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Santander bids for A&L 12:36pm on 14 Jul 2008 Is it a good idea from, a competition viewpoint, to have one less bank on the High Street?

How many jobs will be lost at A+L if the merger goes ahead?
Short-selling banks 7:00pm on 03 Jun 2008 To #24 Leonard26

For the avoidance of doubt, my comments in #8 about the story relates to Robert's blog, not your original question.
Short-selling banks 1:08pm on 03 Jun 2008 This has all the makings of a story 'placed' by the PR bosses at RBS and HBOS to try and bolster their sliding share prices.

The simple fact is that both banks, but particularly HBOS, face significant problems in the markets in which they operate which aren't going to resolve themselves overnight.

Wholesale and Retail funding is still expensive...mortgage arrears levels are rising...mortgage demand has fallen off a cliff and unlikely to recover in the short-term...profits warning are in the air from other providers in the sector. End result - lower profits and lower earnings for shareholders.

It really shouldn't be a surprise to anyone that the share price of these two banks has reduced so much. Short-selling by Hedge Funds happens, but the CEOs at RBS and HBOS should look elsewhere for their scapegoats.
Banks' self-fulfilling fears 10:39am on 23 Apr 2008 Thanks Robert.

So what !
Mervyn bends - and how! 08:03am on 21 Apr 2008 Let's see now...what are the chances that these banks will be announcing record profits *again* when they report their results next year.

This whole deal stinks. The government is so desperate to avoid a recession on the High Street *at any cost* that will affect its chances at the general election due sometime over the next couple of years.

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