Jump to content
House Price Crash Forum
Quicken

Banks Help Ftse Rise

Recommended Posts

A rally in banking shares helped Britain's FTSE 100 rise to a two-month closing high on Monday as investors welcomed the prospect of lighter rules on leverage for the sector.

Banks rallied after regulators, seeking to keep the global economy financed, watered down the rules for calculating how much capital a bank must hold against its loans and other assets.

"It's all about the banks. The relaxing of the regulations is really improving investor sentiment in the sector," said Jonathan Roy, a broker at London Stone Securities.

Banks added 9.2 points to the FTSE 100, which rose 17.21 points, or 0.3 percent, to 6,757.15 points, its highest closing level since November 7.

Barclays rose 2.9 percent, Royal Bank of Scotland was up 3.1 percent and Lloyds up 1.2 percent.

linky

The move to adjust the ‘leverage ratio’ by the Basel Committee on Banking Supervision at a meeting in Switzerland on Sunday comes after intense lobbying from bankers.

linky2

Champagne all round!

Share this post


Link to post
Share on other sites

linky

linky2

Champagne all round!

yep we should have thread to help our Government come up with new ideas to make them even richer and help reward Mps in their new reward roles when they lose their seats next year.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.