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HBOS and RBS to be nationalised

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Comments

  • pumpndump
    pumpndump Posts: 139 Forumite
    Fred the Shred has resigned. Good news at last.
    In the field of investment, 99 per cent of everything is garbage. Why? Because we have "gearing". - Robert Beckman
  • anna42hmr
    anna42hmr Posts: 2,907 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    looks like sharholders arent getting dividend payouts for the forseeable future too
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • Barclays seems to have escaped the measures but wont give a dividend either as they need to keep the money to avoid borrowing from the government.

    Best case scenario has the banks levelling off and becoming the most boring stocks quoted.

    Even if you hoped their last reported profits would stay consistent through the bad times, it'll be years and years before they can pay the debt off

    profitlossimage1tt7.jpg
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