Thursday, September 25, 2008

Britannia will rule the world …. again

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 (802 views)
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4 thoughts on “Britannia will rule the world …. again

  • last_days_of_disco says:

    Hubris, hubris, hubris. If it were true it would be mighty convenient though.

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  • 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.

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  • 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?

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  • It could only be hubris if Matthew Lynn works for a UK retail bank. Does he? You cannot have hubris by proxy….

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