HBOS shares

jamesd

ianmr65, no notes printed by any Scottish or Northern Ireland bank are legal tender. BoE notes with values up to fifty Pounds only are legal tender in England and Wales. People merely choose to accept these notes for purposes not requiring that the tender meet the legal tender guidelines, which apply only to payments to a court to make it impossible to sue for non-payment of the debt.

The Scottish and Northern Ireland banks are required to hold BoE notes matching the total value of the notes they print. It's why the very high denomination Pound notes that have at times been around came into being.

tradetime

notwithstanding that clamping down on shorting will lead to a mass exodus by the larger hedge funds, and investment banks.

I doubt that, the anti-regulatory crowd use that as a lever to prevent such regulation, but the bottom line is this regulation is merely in place to protect companies during rights issues. most investment occurs on the long side, many investors dislike the extreme volatility that shorting adds to the market, and would be quite happy if shorting were outlawed altogether. Even hedge funds themselves do not short as much as many people think, but they do have a massive amount of capital to bring to bear in targeted areas when they do opt for the short side.
Given the hedgefund industry stands at over $2.5 trillion, by most estimates and is largely unregulated I don't think they have too much to shout about, there are many powerful people in both the investment world and the regulatory bodies, particularly in the US that are looking at how they can apply regulations to these entities, so possibly they would be wise not to draw any more attention to themselves than their obvious size already attracts.

ianmr65

jamesd wrote: »

ianmr65, no notes printed by any Scottish or Northern Ireland bank are legal tender. BoE notes with values up to fifty Pounds only are legal tender in England and Wales. People merely choose to accept these notes for purposes not requiring that the tender meet the legal tender guidelines, which apply only to payments to a court to make it impossible to sue for non-payment of the debt.

The Scottish and Northern Ireland banks are required to hold BoE notes matching the total value of the notes they print. It's why the very high denomination Pound notes that have at times been around came into being.

I guess they are acepted as 'legal tender' outside the english courts narrrow definition of this term, (thanks for the link- the precise definition of the term term was new to me) in scotland and northern ireland: and in any case the english courts definition does not apply to scotland and northern ireland. But last time i checked, scotland and NI were part of the UK, and the notes are genrally accepted as cash throughout the UK. So to all intents and purposes they are colloquially legal tender, and viewed as such by the Gov.

nicko33

http://www.bankofengland.co.uk/banknotes/about/faqs.htm#15

"The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. "

edit:
got some Ascension Island currency in my change at the newsagent this morning
http://www.ascension-island.gov.ac/aig/ascension-island-money.htm
I wonder who's been on holiday

setmefree

Shares today 296.75... well i have sat back a few days without an opinion, but now the truth is emerging once again and the shares are falling..and the truth is.this country and the banking industry is in the !!!!!!..
:rotfl::rotfl::rotfl::rotfl:

ianmr65

setmefree wrote: »

Shares today 296.75... well i have sat back a few days without an opinion, but now the truth is emerging once again and the shares are falling..and the truth is.this country and the banking industry is in the !!!!!!..
:rotfl::rotfl::rotfl::rotfl:

Lex in the FT - 'the one man bank confidence building machine' or 'voice of sanity, in a mad world' - waded in again...

so the slide could be stopped tommorow

Or else the bull trap is sprung and the shorters are gonna hammer it into the ground.

esbo

Was that the dead cat's last bounce?

free4440273

...and it's Options expiry (triple witching) tomorrow

setmefree

today's price 291.00

setmefree

Oops 285.75