RE: Financial Times7 Sep 2021 15:22
Hi Scandi, i saw the attitude at lloy become very unhealthy towards short term gains. As regatds what could go wrong with becoming a mega multi landlord? well i remember the Black horse agencies fiasco which failed so badly and cost shareholders dearly! Brian Pitman was always banging on about the benefits of fostering long term relationships and avoiding diversing into areas where the bank has no proven expertise. What could go wrong? Well who predicted LBIS losses of £20+ billion on pers loan repyt ins when "branching out" into creditor ins products?
DEJA VU? Maybe...