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Banking stocks lead markets surge
Comments
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Graham_Devon wrote: »I have, and commented and given you another victory sweet child
...not that that thread has anything to do with this thread...
I must remember to jump for joy next time I post a thread asking a question though!! :rolleyes:
do you want a chocolate watch or a gold star for the best thread? 0 -
How about the first good news from a bank for two years :j
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9Qw3.AHut7g&refer=home
behave yourself steve - some people are only programmed for bad news 0 -
behave yourself steve - some people are only programmed for bad news
She did seem strangely annoyed that some peoples pensions had recovered a little
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
It would be nice if this is a sign of some sort of recovery. But it could be creative accounting - bankers are very good at that!0
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You need to make a distinction between trading profits and asset price writedowns. No good making $2 billion in trading profit if your loan book gets written down by $20 billion.0
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Entertainer wrote: »You need to make a distinction between trading profits and asset price writedowns. No good making $2 billion in trading profit if your loan book gets written down by $20 billion.
yes - the banks were still making a money last year (maybe RBS excluded).
the write downs were the reasons that there were no net profit.0 -
Not read Downeys thread, also that Blonde person up above is not exactly jumping for joy
From 'that Blonde person' in person (if you see what I mean):
I posted the original link and news because it looked like good news and I thought this was the first bit of positive economy news I'd seen all week. So potentially
:j
(if you must have one of these).
However, I was also rather confused because of the previously reported bad news for Citigroup, so I was genuinely asking for clarification from other members of the board as to how 'real' this positive news is. Hence the
If it is genuinely good news, then lets have one - or several - of these...
:beer: :beer: :beer: :beer: :beer: :beer: :beer: 0 -
Entertainer wrote: »You need to make a distinction between trading profits and asset price writedowns. No good making $2 billion in trading profit if your loan book gets written down by $20 billion.
Why not? the Govt taking all the duff debt 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
BlondeHeadOn wrote: »If it is genuinely good news, then lets have one - or several - of these...
there is lots and lots of good news out there - it's just how you interpret it
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Why not? the Govt taking all the duff debt
Sort of, the government, being, actually, us, our balance book. All that debt seems less 'happy news' when its accepted its our debt now!
Its good that Citi are making progress, its great, (banks doing well is directly good for me as it will keep DH employed in corporate law) but I'd rather it was represented accurately
The good news I can get behind would be: Citi start to show recovery, with investorers getting behind it and share prices rising.
Its still good news, but less spin.
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