Thursday, March 20, 2008

You wouldn’t touch them with a bargepole

Why you should keep avoiding banking shares

Just a year ago, the idea that you could spark a double-digit fall in the shares of one of the UK’s biggest banks simply by sending an anonymous email round a few trading desks would have been ridiculous. But then, a year ago, the idea of a run on a British bank – even a jumped-up bit player like Northern Rock – would have been laughable. Now we’ve seen the demise of a venerable Wall Street institution too, no one seems safe...

Posted by damien @ 10:51 AM (579 views)
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