RE: Bank of England takes off the shackles from lenders21 Mar 2020 09:04
BS - Some of your posting utter nonsense, as you normally post good posting, I will excuse you, cuz must have had few last night.
There has been pressure from the banking sector to bin the next stress tests given the severity of the unfolding health emergency and the need to back businesses.
Stress tests are not to test how well or badly banks are doing. Its a test to high light what state they r in and take the necessary action at an early stage, rather then waiting until it is clear that only Tax payer can save them.
It like saying our kids ae not doing so well in their stage, but don't worry, we won't take any action, until the are in Secondary education, which in my opinion, is too late. If you were ill, you wouldn't wait until you on your last leg.
Bank shares rose somewhat amid a wider market recovery. In particular, the new breed of “challenger” banks enjoyed a bounce. Virgin Money was up 25% at 73p. Metro Bank gained 5% to 87p.
Off course the Bank shares are going to go up, when they see very cheap Tax payer money is coming their way....hay ho we lend the same money to the same tax payer at least 10 to 15% times more what they got it for.
Like Richard Branson speaking on behalf of the Airlines, that they need 7.5 Billions tax payer money, while at the same time they cutting jobs in UK, but taking them overseas. Don't tell me other countries do it cheaply.
The message should be loud and clear, you want tax payer money, then bring back call center's back to uk.
I am not a fan of Donald, but he has managed to bring American jobs, back to America.
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