On conclusion, GS was buying for JCB and a n other(s) since Sept. prob 180-200 range. The results provided too good an opp not to hoover up the new shorter shares and transfer on to client(s). I note that they have not sold all. They have retained sufficient low % they can short (prob have been) and not get above 0.5% threshold, to keep lid on price. Once the hoovering and transferring is near complete then it should leave the disclosed shortest stranded .
Beeks broke down the mortgage book. Most mortgages are locked in to fixed terms and rates. Would a cut on base not be forward looking? The current business ok?