mixed messages by Central banks have wiped £148 bn of UK stock market values alone have n't got a number for the global total. Some have undoubted made a few bob but many many punters have lost shed loads. Too bad lets keep bashing the bankers though cos it is all their fault. knighthood and peerage nominations anyone.
The Bank of England has launched a full-blooded counter-attack on the EU cap on banker bonuses, calling it the “wrong policy” just one day after after the European Banking Authority set a December 31 deadline for EU watchdogs to crack down on the use of role-based “allowances”, which are being used by investment banks to circumvent the bonus cap. In a sign of mounting tension between EU countries over pay, Andrew Bailey, the chief of the BoE’s Prudential Regulation Authority, said the debate over bonuses was “misguided” and that variable pay should play a significant role in banker remuneration. The UK is expected to ignore the year-end deadline set in the EBA opinion, which does not carry legal force, instead waiting for more detailed guidelines on pay from the EBA in 2015.(Financial Times)
St. Louis Federal Reserve Bank President has said that the Fed should 'consider delaying the end of its bond-purchase program' on Bloomberg TV. Bullard is 'seen as a bellwether' as his views have previously 'foreshadowed policy changes'.
Don't be ridiculous. You need to read the article carefully and think about what it is saying. Did you not notice that the article clearly stated that it is only if Lloyds uses its position at the end of 2013 that it will fail the stress test? On the other hand, if the estimated position for the end of this year is used, it is likely not to fail the stress test. Do you not realise the significance of that, and do you really think that the people who manage large portfolios (as opposed to small-timers whose investment decisions will have little impact on the share price) will fail to see the difference?
You only think this article is 'dynamite' because you have not read it thoughtfully. Please re-read it and think about what it is saying before scaremongering on this board. Many investors here are smarting with their paper losses today and the last thing they need is to read this kind of rubbish at the end of a difficult day.
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