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What happens when the bank shares are sold?
Comments
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sabretoothtigger wrote: »Fair enough, I thought they had repaid and refinanced that already. Not great
The FSA is going to stress test Lloyds in the coming months on its underlying profitability once the SLS is removed. With a current mortgage book of £390 billion its at significant risk. If funding costs escalate.
The recent NSI certificate issue is drawing retail deposits out of the banks so isn't helping matters.0 -
The recent NSI certificate issue is drawing retail deposits out of the banks so isn't helping matters.
Yea that is the problem, in a free market place there is a competition for funding and thats what leads to interest rate rises.
We are in a kind of bubble at the moment as debt is not operating as it normally would, who knows the repercussions eventually but higher costs would be an obvious conclusion
UK government is not cutting debt, its increasing so that'll take money off those judged less worthy0
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