Darkman Posted August 31, 2011 Share Posted August 31, 2011 Sorry no link, I just caught some of this on LBC this morning. The guest on the show talked about a rumour now doing the rounds about a UK bank being "allowed to fail within 12 months". And that the purpose was to show the remaining banks they must get in line for real this time. All a bit vague I know, but did anyone else hear the show? It's a sign of times you can hear such things on morning radio these days. And I don't think it's a far fetched rumour either. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted August 31, 2011 Share Posted August 31, 2011 Sorry no link, I just caught some of this on LBC this morning. The guest on the show talked about a rumour now doing the rounds about a UK bank being "allowed to fail within 12 months". And that the purpose was to show the remaining banks they must get in line for real this time. All a bit vague I know, but did anyone else hear the show? It's a sign of times you can hear such things on morning radio these days. And I don't think it's a far fetched rumour either. I pray it is the Bank of England. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 31, 2011 Share Posted August 31, 2011 The Embankment? Well, it can only be Lloyds or RBS. Can the Govt allow either to fail due to the huge sums already used to bail them out. RBS is also a political hot potato re it is mainly based in Scotland. I suspect these are only rumours as rumours about a bank being allowed to fail and an ACTUAL NAMED bank being rumoured to be let fail is something else. For example, if RBS was the subject of the rumours its share price would be even less than it is now. Quote Link to comment Share on other sites More sharing options...
Si1 Posted August 31, 2011 Share Posted August 31, 2011 there are only 5 big banks left, after mergers etc Barclays, HSBC - I'd a thought they were well capitalised Lloyds-HBOS, RBS - I get a sick feeling every time HBOS come out with a bullish property foprecast these last 6 months, what are they playing at? then the big building societies - Nationwide, and the Yorkshire, the latter which is expanding at a high rate, buying up flailing com[petitors and usiong the account balances to push hard (apparently) into BTL lending So i make Lloyds-HBOS and YBS prime contenders for stupid prize of the year - you'd have thought they all would have learned after B&B went down... Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted August 31, 2011 Share Posted August 31, 2011 The Bank of England is allowed to fail every time the MPC meets. Quote Link to comment Share on other sites More sharing options...
Terribad Posted August 31, 2011 Share Posted August 31, 2011 Pfff, was it Robert Peston? Probably someone making up news, like the Arch Fibber, Mr Peston. I really don't like Robert Peston. Seriously though, why 12 months? What will change between now and then? I thought they were already screwed? A bit more screwed? house prices to actually crash? not getting the QE they wanted? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 31, 2011 Share Posted August 31, 2011 And why not allow it to fail... today... that will teach it... You can only allow it to fail IF the financial circumstances are such that it is actually failing... Politicians can't see into the future? Can they? Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted August 31, 2011 Share Posted August 31, 2011 And why not allow it to fail... today... that will teach it... You can only allow it to fail IF the financial circumstances are such that it is actually failing... Politicians can't see into the future? Can they? It's a fair bet that any or all of the banks that the government 'decided' to take a stake in would fold in short order if support was withdrawn. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted August 31, 2011 Share Posted August 31, 2011 RBS please if Fred can lose his pension. Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted August 31, 2011 Share Posted August 31, 2011 RBS please if Fred can lose his pension. It will be one that the tax payer doesn't own, won't it? So not Lloyds HBOS? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 31, 2011 Share Posted August 31, 2011 Is this related to the inevitable greek default and it's knock on effects? If it's Llodys / RBS will they then broken up into little banks with the deposits? Who's going to take the losses? Plus we can all remember what happened when Lehman failed the markets shat themselves. Seems a strange rumour to be doing the rounds I expect zombie banks not failing ones. Quote Link to comment Share on other sites More sharing options...
kenzdawg Posted August 31, 2011 Share Posted August 31, 2011 You're all assuming they mean a retail bank. More likely to be an investment bank like Lehmans. Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted August 31, 2011 Share Posted August 31, 2011 You're all assuming they mean a retail bank. More likely to be an investment bank like Lehmans. Please let it be the Giant Squid! Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted August 31, 2011 Share Posted August 31, 2011 You're all assuming they mean a retail bank. More likely to be an investment bank like Lehmans. More likely to be a bank of Mum & Dad i feel Quote Link to comment Share on other sites More sharing options...
Terribad Posted August 31, 2011 Share Posted August 31, 2011 Kids piggy bank imo [insert inter-generational rant here] Quote Link to comment Share on other sites More sharing options...
BLOW FLY Posted August 31, 2011 Share Posted August 31, 2011 You're more likely to hear about the failure of the 'sperm bank' in the next 12 months than the failure of any UK retail or investment bank. BF Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted August 31, 2011 Share Posted August 31, 2011 Could you have misheard? I can believe that they would allow a bank to 'flail'. Quote Link to comment Share on other sites More sharing options...
erranta Posted August 31, 2011 Share Posted August 31, 2011 (edited) You're more likely to hear about the failure of the 'sperm bank' in the next 12 months than the failure of any UK retail or investment bank. BF MAGGOTS 'n Apples illegal Negative Edited August 31, 2011 by erranta Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 31, 2011 Share Posted August 31, 2011 You're more likely to hear about the failure of the 'sperm bank' in the next 12 months than the failure of any UK retail or investment bank. BF was that a leak you heard about? Quote Link to comment Share on other sites More sharing options...
BLOW FLY Posted August 31, 2011 Share Posted August 31, 2011 was that a leak you heard about? Yes, but couldn't find the source..... BF Quote Link to comment Share on other sites More sharing options...
The Ayatollah Buggeri Posted August 31, 2011 Share Posted August 31, 2011 Can the Govt allow either to fail due to the huge sums already used to bail them out. RBS is also a political hot potato re it is mainly based in Scotland. I would say that ditching RBS is a very attractive option. The Tories have nothing to lose politically north of the border, and the LDs very little. Letting RBS crash would be very popular if it could be arranged for Goodwin's pension to go with it. Furthermore, it would neuter Salmond by undermining his claims that the rest of the UK is a millstone around Scotland's neck and that they'd be better going it alone, by showing that if you remove subsidies from UK PLC, his country can't even run a bank. For Salmond to counter-claim that it was an act of spite by Cameron (even if true) would just make him look even more silly. Quote Link to comment Share on other sites More sharing options...
Terribad Posted August 31, 2011 Share Posted August 31, 2011 I would say that ditching RBS is a very attractive option. The Tories have nothing to lose politically north of the border, and the LDs very little. Letting RBS crash would be very popular if it could be arranged for Goodwin's pension to go with it. Furthermore, it would neuter Salmond by undermining his claims that the rest of the UK is a millstone around Scotland's neck and that they'd be better going it alone, by showing that if you remove subsidies from UK PLC, his country can't even run a bank. For Salmond to counter-claim that it was an act of spite by Cameron (even if true) would just make him look even more silly. Seems way too daring and decisive for Cameron. He would rather be seen to be doing something, but not actually doing anything. Besides, at every opportunity, he has been super-supportive of the union. Quote Link to comment Share on other sites More sharing options...
frederico Posted August 31, 2011 Share Posted August 31, 2011 nothing will fail as long as they can see it coming, it's the blind side that is the problem. Quote Link to comment Share on other sites More sharing options...
erranta Posted August 31, 2011 Share Posted August 31, 2011 (edited) was that a leak you heard about? Burying stuff in back of land - environ-mental pollution of "water course" = 10,000's ££ to clear up Illegal contraband buying and selling - followed, phones 'tapped' and tracked for evermore Tax and rates avoidance - letting out/running illegal campsite Red Fuel excise avoidance/abuse etc Sub Rosa 'n all that Edited August 31, 2011 by erranta Quote Link to comment Share on other sites More sharing options...
winkie Posted August 31, 2011 Share Posted August 31, 2011 Good bank....Bad bank.........the bad bank by virtue of its name has already failed. Quote Link to comment Share on other sites More sharing options...
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