Member Info for pineapple1

Her career has involved investigative, operational and legal roles in a range of government departments and in the private sector. Within the private sector, she led global financial crime compliance and reputational risk teams at HSBC and qualified as a commercial litigator with Dechert LLP.

so, law, compliance, etc. not much about maths, stats, physics which are the subjects needed here.

as plenty have recognised....what a mess...welcome to the uk

Apologies if these points have been made. ive been off this share for a while.

In a letter to the committee, FCA Chief Executive Nikhil Rathi warned that the scheme could be "struck down in whole or part" as a result of the legal challenges, and it would need to then decide what to do next so that people still get compensation they are owed.

how thick is this guy? if the scheme gets struck down only a dementia ridden imbecile would say, lets try again.

Planned payouts for people mis-sold a car loan in the UK are likely to be delayed until at least 2027, as the UK watchdog faces legal battles which threaten to derail its compensation scheme.

The Financial Conduct Authority said it has already spent more than GBP20 million developing the plans and that further costs lie ahead.

awwww, booohhooooo. are we supposed to feel sorry that so much money has been spent and more will be spent? what an illogical and irrelevant point to make.

PPE at oxford...he's an idiot, so don't expect anything sensible or logical

I guess CBG is awaiting the larger banks like Lloyds decision, but good luck with that, as with the PPI Lloyds CEO was first to roll over, as like I say, it is in the interests of the CEO to do so, think bank taxes, think bonuses, and all move in the same company as HMG.

What?? By rolling over on PPI, Lloyds management effectively ruled out the ability to pay themselves bonuses for about a decade. Every bank did the same. The only ones that carried on with bonuses were hsbc and barclays.

The FCA know that for banks to reject this plan will be a very costly affair, and if banks won and the blanket redress was scrapped imagine the cost of expensive legal bods having to peruse individual cases

if the banks won, which individuals are going to be risking 10k in lawyers fees to win 800 quid...when as you have assumed...the banks won

Take it from me. I have taught thousands of students, maths/stats. There is a significant inverse correlation between economics marks and maths/stats marks. People that do well in economics are devoid of the logic required to do well in hard science courses. That's why the central bankers get everything wrong, as do lawyers/politicians who are also trained in soft subjects. PPE has long been the path to politics. The inference of a simple review of politicians over the last 50 years tells you all you need to know about the PPE qualification. Lettuce Truss also comes to mind as dose andrew "inflation is transitory" bailey (who preceded the current fca genius), the clowns behind LTCM, greenspan (say no more) etc etc etc

Rathi is of Indian descent, and grew up in Barrow-in-Furness, Cumbria, the son of Madhu and Dr Rajendra Rathi, a local magistrate, having moved there aged three.[2][3] He was educated at Chetwynde School, followed by St Anne's College, Oxford, where he earned a first-class degree in Philosophy, Politics and Economics.

PPE...i.e. he hasn't done any science courses beyond A level...i.e. he is a moron.

If the ceo's are of knots opinion re. the legals, there is no chance they will acquiesce with an fca bent on giving money to a failing economy. there only needs to be one that takes this to court and the fca are toast

Minimum purchase price, negative 7k

how f ing stupid do they think we are?

Maximum deposit 2.3m

maximum purchase price 660k

the first thing i would do as a ceo is to get the fca to check their data

Key reversal. that was the bottom.

Just because oil prices have increased does not necessarily equate to more people on public transport.

lol, of course it does

Always the mark of the bottom.

AI Overview

The 2015 report from Investec analysts stating that Glencore's equity value could be "zero" was a specific scenario analysis based on depressed commodity prices, not a valuation of the company's long-term worth. The note argued that if commodity prices remained at 2015 lows, the company's high debt load could see its equity value "evaporate".

GlobalCapital

GlobalCapital

+2

Key details of the situation:

Context: The comment was made in September 2015, during a period of massive downturn in commodity prices and high debt concerns for miners.

Market Impact: The note caused a massive panic, causing Glencore's share price to drop by nearly 30% on the day, with over £4bn wiped off the company’s market value.

Analyst Clarification: Hunter Hillcoat, a mining analyst at Investec who co-authored the note, later stated that the market panic was a "misreading" of the report, noting that it was "just a scenario" and they had not predicted the stock would fall to zero.

Result: Glencore subsequently undertook restructuring to reduce debt and the share price recovered shortly after.

GlobalCapital

GlobalCapital

+3

I'm finally a bull :) gl tomorrow fellas/lasses

Youre right Trouts, buy now then. i didnt know the results are out tomorrow

Wrong. read the report.

To be fair, this is exactly the time to look at buying. the day investec announced in a report that glencore equity was worth zero, was the start of a two year 8 bagger. give it a couple of days and then go in on thursday PM

Munch munch lmao