Thursday, Sep 25, 2008
Britannia will rule the world .... again
Bloomberg: U.K. Banks Are Biggest Winners in Credit Turmoil: Matthew Lynn
"Once the chaos of the last few weeks eases and everyone gets a chance to sort through the rubble, one thing will be clear: The dominant members of the financial system that emerges will be British retail banks such as Barclays Plc, HSBC Holdings Plc and Lloyds TSB Group Plc." I don't agree with this, but interesting none the less.
Posted by mountain goat @ 01:44 PM (451 views) Add Comment
4 Comments
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1. last_days_of_disco said...
Hubris, hubris, hubris. If it were true it would be mighty convenient though.
2. timmy t said...
Who knows? Last year, bigger market share would have been seen as a good thing. But Fanny and Freddie had by far the biggest market share... I guess it depends on the state of the market you have a big share in! I won't be investing in Bank shares on the strength of this.
3. icarus said...
The Lloyds TSB - HBoS merger went ahead because competition rules were suspended given what the government regarded as a 'crisis'. Does this mean they will be de-merged if/when the 'crisis' is over? If not, why not, and why didn't the government address this question at the time of the merger?
4. Jayk said...
It could only be hubris if Matthew Lynn works for a UK retail bank. Does he? You cannot have hubris by proxy....