Bank shares - would you?

Trollfever

Anybody want to invest in Irish Banks?

The Irish government has said it is to nationalise the Anglo Irish Bank after its funding problems continued.

http://news.bbc.co.uk/2/hi/business/7832203.stm

Phlip_corter

I think it's not right time to invest money with any kind of banking department. Due to market crisis there are nothing chance to get recover to investment so we have to wait for suitable time for invest in bank.

baby_boomer

baby_boomer wrote: »

The Head of Barclays Bank was on Channel 4 News today making a desperate attempt to save his board's skins.

He wanted other measures apart from a second bail out. If there is a second bail out he will have to participate - and therefore look a right plonker for raising money from the Middle East at 14% pa, whic he did in order to save his fellow directors' bonus payments.

Yahoo - Barclays shares hit 25% by short sellers

Oh noes.

Will he have to go tail between legs to the government after all :rotfl: I can't quite see how he will put this narrative together when he next meets his shareholders.

This is Money

"....shares in Royal Bank of Scotland where Sainsburys boss Sir Philip Hampton was said to be taking over, closed down 13% and Lloyds TSB almost 5%..."

SailorSam

I've got my 200 Abbey shares, they came free with my mortgage. I wish though i'd sold them when they where over £12 each.

Masomnia

SailorSam wrote: »

I've got my 200 Abbey shares, they came free with my mortgage. I wish though i'd sold them when they where over £12 each.

Are they not Santander shares now?

SailorSam

Yes, but they're still probably worth less than a lucky bag, i've stopped looking.

mrposhman

I have shares in Lloyds.

I cannot see the entire sector being nationalised. I'm not sure the government could put the extent of their liabilities on their balance sheet and still be able to come up with their spiel on debt as a % of GDP.

I wouldn't say none of them will be nationalised but theres a possibility that 1 might. Fingers crossed (for me at least) thats its not Lloyds.

Blackdog

After today it is either a really really good buy for bank shares or time to wait a little longer. I think wait another 2 weeks to see what happens.

Trollfever

I think wait another 2 weeks to see what happens.

At the current rate all the banks will be nationilised by then.

mrposhman

Trollfever wrote: »

At the current rate all the banks will be nationilised by then.

I can't see all banks being nationalised. I see nationalisation of NR and the other banks to be relatively short term for the government as I think they would like the return, therefore they need an exit stategy. Having private banks already in the UK will make the exit strategy easier for them.