Nonsense. Most bank lending is unsecured and always has been. E.g. car and consumer personal loans. Then one exception is housing loans nil at present.
A lot of corporate facilites are unsecured obviously the remainder is against direct security e.g. property, losing its value or in the case of larger concerns such things as debentures and floating charges but the golden days are long over. Come back Brian Pittman.
No good looking towards the USA 're free trade. Most protectionist people out both Democrats and GOP. I have been bearish 're ALL banks for ages publicly. Without a div what is the attraction. Pointed out this morning their poor performance over 22 years
I hope people are dying rather than being killed. Quite a difference. Bear in mind 17000 die of flu in UK in an average year. You should try Italy where I live. Now that is bad.
Apparently there is to be a virtual national next Saturday complete with betting, televised too. Our boys wont stop work. The paddy power merger proceeding too. Noone m entioned stake building at wmh big bucks are made on recovery not when business is booming. M ad g used to be good at that