Jump to content
House Price Crash Forum
Sign in to follow this  
EmpiricalBear

Who Will Be Next...

Recommended Posts

I'll go for the B&B as the next bank that will experience a run followed by assimilation.

Any advances...

I think the big caps are big enough to absorb this.

Perhaps we should run a book on this.

Edited by 2MeterBear

Share this post


Link to post
Share on other sites

I remember when we had the petrol protests several years ago. The French had a petrol protest themselves several days before, this gave inspiration for our own protests.

10's of millions of viewers have seen what has happened with NR, so if the B&B or Abbey etc approach the BoE for emergency funding their savers will withdraw their savings too. Surely B&B, Abbey etc cannot be seen to be seeking emergency funding, that tap has been turned off.

Share this post


Link to post
Share on other sites

My bet is on B&B. Doing a few googles throws up some links.

http://www.forbes.com/markets/feeds/afx/20...afx4117442.html

Credit Suisse said it believes Bradford & Bingley can fund itself until at least December, and Alliance & Leicester and HBOS will be able to fund themselves until at least the second half of 2008. The broker group remains cautious generally and reiterated its 'underperform' rating on B&B and A&L.

On 5th Sept

Bradford & Bingley, which provides about one in five loans to U.K. landlords, lost 5.6 percent to 361.25 pence. The shares were cut to ``underweight'' from ``overweight'' at Lehman Brothers.

`Material Hit'

``Uncertainties in asset-backed markets and rising wholesale funding costs are likely to affect earnings within the sector and specifically at Bradford and Bingley,'' the analysts wrote.

http://www.bloomberg.com/apps/news?pid=206...p;refer=germany

From the Mirror

City experts are worried that Alliance & Leicester, Bradford & Bingley, Paragon and Halifax Bank of Scotland could all get into difficulties.

http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Share this post


Link to post
Share on other sites

Yip, I think BB could have quite a problem, they spent years being a combined mortgage broker/lender actually selling Northern Rock mortgages to the general public before realising they should perhaps sell their own mortgages again... what do you think?

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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • 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.