Member Info for bigsmoke

scrap that, - NW halts tech and branch plan : https://www.crowdfundinsider.com/2020/04/159790-nationwide-halts-plans-to-offer-business-banking-services-returns-50-million-in-bail-out-funds-to-rbs-following-covid-19-outbreak/ or, more suitable target came up ... ?

https://www.finextra.com/newsarticle/33493/nationwide-invests-15-million-in-10x-future-technologies
https://news.sky.com/story/banking-giant-jp-morgan-clicks-on-stake-in-jenkins-10x-venture-11749482

tech + branch network

"Nationwide says it has been working with 10x since last summer [BS note: the point 10x took the Metro IT team] to test its thinking around the account and to scope the requirements for delivery. Chief executive Joe Garner says: “We believe we can become the game changer in the business current account market. Serving people on their terms and to a high standard is at the heart of what we stand for, which is why we are investing in both technology and a truly national branch network. Like us, 10x is aiming to massively improve service in financial services and are therefore a natural partner.” "

interesting - "Nationwide Building Society is working with 10x Futures technology" ... mind, that's JPM's UK tech partner...

With virus hastening online push, does Amazon-like future await banks? - June 26, 2020, 10:45 a.m. EDT
https://www.americanbanker.com/articles/with-virus-hastening-online-push-does-amazon-like-future-await-banks

guess it was easy (?)

"the 1% fixed-rate offered by Marcus is less than its easy-access account which currently pays 1.05%. Ikano Bank currently offers the best rate for a one-year bond and pays 1.21%, according to recent data from Savings Champion. This is followed closely by Metro Bank, which offers a one-year fixed-term savings account paying 1.20%. "

https://www.moneywise.co.uk/news/2020-06-05/marcus-launches-1-fixed-rate-bond-it-worth-it

"Ring-fencing would require Marcus in Britain to become a separate legal entity with its own board and limit how much capital it could share with the rest of Goldman’s businesses."
https://www.iol.co.za/business-report/international/savings-surge-forces-goldman-to-shut-marcus-to-new-uk-clients-49209252

i know everyone (longs and shorts) is against this theory, but:
1. we have a temp exec team - no problem ingrafting GS team.
2. couldn't the acquisition and use of the P2P platform (RS) circumvent some of the ring-fencing obsticles ?

have made my views known about the m.o. of certain posters here.

Money Saving Expert's freudian slip reveal city talk? (rhetorical q)

Martin Lewis speaks out to apologise after making mistake in advice to ITV viewers
https://www.birminghammail.co.uk/news/midlands-news/martin-lewis-speaks-out-apologise-18498222

"The Martin Lewis Money Show airs each Thursday from 8pm on ITV1, with the Money Saving Expert founder presenting. ... Martin also advised viewers on bank accounts, telling them: "Normally I would say try and fix your savings, to lock in on a better rate, but the best one year fixed is just 1% with Metro Bank." ... "The top 1 year fixed savings is Marcus account, which is what I thought I'd said, but I've been told I said Metro bank. It was a mental hiccough, my apologies." "

" If another bank acquired them the synergies would be immense. £200m, plus if that bank has AIRB then they can become more thinly capitalised they would be able to generate another £150m of profits. "

yes. plus re-fin the MREL. boom. easy.

Creating jobs + giving to charity + growing and expanding in the north in the next few years.

code blue.

https://twitter.com/Metro_Bank/status/1275028416903905283

https://www.bbc.co.uk/sounds/play/p08gn9s3

" 260 to 319 " ?

but kevin said this was going to 105 and being nationalised, amongst his other willingly undisclosed theories. was he wrong?

"Anyone know why price will prob hit 130+ in the next 2.5 sessions?"

trend?

cy23 - the point of those links is not to promote a tie up between GS and Metro - although it is not without sense and NOONE has explained the GS accumulation of 8.5% in March for a client - but it is merely to show that the big boys that matter do not see the high street as dead (as zc was alluding to).

of course, completely natural. i get the sense you are looking for the real clues out there. not the 'dodge, duck, dive, depress, demote, disparage, divert, deramp etc' and other tactics deployed by those unable to detach.

last fig. *03.06.21

i noted your post re the JPM %s while kevin had me locked out.

if you noted that you will also have noted the switcheroo between the two RNSs re the Cash-settled Equity Swaps on 30.04.21 and, more noteable, 02.06.21 and 03.06.23.............