How do I find out which banks are grouped together?

IvanOpinion

gravel_2 said:

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Isn't that a perfect example proving Mr Generous's point?

Only if you think they were right when they said "The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying". I have about 500 I can sell you.

kaMelo

gravel_2 said:

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Isn't that a perfect example proving Mr Generous's point?

Absolutely not, whilst the deposits where safe shareholders lost everything, as they should when a company goes bust. .

As above, I've also got 500 shares in B&B if you want to buy them

MACKEM99

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Northern Rock?

mebu60

MACKEM99 said:

Northern Rock?

Northern Soul? 

Mr.Generous

MACKEM99 said:

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Northern Rock?

Hardly major, but taken over by Virgin Money. next?

Mr.Generous

kaMelo said:

gravel_2 said:

IvanOpinion said:

Mr.Generous said:

The government would NEVER allow one of the big banks to go under. They would just be taken into state ownership. I really wouldn't worry. The one thing I learned from the banking crisis is that if a big bank's shares go right down they are well worth buying, because before they go bump the government (taxpayer) will stump up.

Bradford and Bingley?

Isn't that a perfect example proving Mr Generous's point?

Absolutely not, whilst the deposits where safe shareholders lost everything, as they should when a company goes bust. .

As above, I've also got 500 shares in B&B if you want to buy them

B&B not a major bank, look at the shares in Barclays, Nat West, Lloyds, Halifax etc - the share price during the banking crisis V's now. You backed the wrong horse.

eskbanker

Mr.Generous said:

B&B not a major bank, look at the shares in Barclays, Nat West, Lloyds, Halifax etc - the share price during the banking crisis V's now. You backed the wrong horse.

Not sure if it's the point you're making, but those banking shares have pretty much flatlined over those 15+ years, compared with what went before, so backing UK banking stocks at all would have been the wrong horse!