Subprime bill for U.S. banks nears $130 billion: Wall Street banks have agreed to pay nearly $130 billion in fines and compensation payments over their sale of toxic mortgage debt to government-backed companies and private investors in the United States, according to a leading data provider.
As long as the share price heads higher that's what counts, what ever the percentage. September going to be a good month for the markets, geopolitical developments starting to settle back down in the world ! We all march together.... :)
Have you ever thought about buying some RBS shares to hedge your bets?. I bought in at just under £2-00 so have a healthy paper profit. Not too bothered about there being no dividend at the moment. Spread your risk since any company can go belly-up....remember people thought that the Titanic was unsinkable. Also at one time RBS was the biggest bank in the world.
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