Member Info for snige

illbetabuck your "If interest rates rocket"
No one wants that and most unlikely with our fragile economy but rates closer to inflation,that would be nice. House prices would slip and some would be caught in negative equity, we've been here before but the higher interest rate has always compensated the banks more than any defaults and loan to value have already been reduced.
We need to improve affordability to turn the tide on home ownership which has declined from 73% in 2007 to currently 65%.

LTI, I know what you're going to say"the quickest way out is WTO" and if this has been the plan all along then now is the perfect time for Boris to tell the electorate and for them to judge. I think he would lose the election if he told this truth and to save his career he'll put the country through another year of uncertainty.

LTI, it has to be better than another year of uncertainty then leave without a trade deal and then spend seven years negotiating one.
Remember Trump said Boris's WA makes it difficult to get a free trade deal and the EU are not going to jump the gun until we have settled into our new trading regime.

CityBoy I agree with you, we will get a decent rally probably Lloyds back into the 70's but it will be short lived once the serious talks on trade begin.
2020 will be another year of uncertainty ending with no deal in sight, while a second vote within 6 months is the quickest route to completion with either remain or a customs union/parts of single market as no requirement for additional trade talks.

Here's some good news if you can't find any.
"Not all bad news.
Nevertheless, the bank won praise for its performance in the third quarter, with analysts at Jefferies noting that it outperformed their expectations.
"On costs, Metro appears to be delivering on its promised transformation program. Retail customer deposits grew 14% quarter on quarter despite £213 million of deposit outflows elsewhere in September. On balance, Metro's ship looks steadied with robust capital across the structure — 16.2% CET1 — and the onus is now on management to execute operationally," Jefferies' analysts wrote.
Goodbody suggested that Metro's retention of Donaldson's services as an adviser was an indication that it expected the regulatory inquiries to have a relatively benign conclusion without uncovering evidence of an intent to misstate the riskiness of the loans affected.
"So perhaps a rap on the knuckles, a manageable but headline grabbing fine and some mild inflation in Pillar 2 requirements, we don't think the [Bank of England] wants Metro to fail," wrote Cronin."

I wish the aliens would kidnap Boomer.

I was thinking more along the lines of Irn-Brew and a couple of fags afterwards.
I think with the question you got your Cohen and Colombo mixed up.

LTI, i'm rather busy at the moment trying to make a fish 7 chip supper.
That's for two people!

LTI, you've just got to read it a couple of times and it makes sense.
That should keep him busy,ha.

Better not go for Bacol advisory job if you can't deal with simple questions on here!

Who's going to pay for it?
When Jezza says he's going to buy back water,rail etc because ultimately no person/business is above the law you're up in arms, what's the difference.
Taking back control of utilities which haven't performed well must always remain a threat,bit like your nuclear deterrent is.

Will someone nudge Cohen...……….."YOU NEED TO SELL MORE"

Prehaps Cohen is selling slightly faster than Odey is buying just so it doesn't look suspicious.
The way I see it there is no coincidence between Odey buying and Cohen selling and to think there was any legal financial way Cohen could make money under the UK's iron fist of our regulatory FCA is preposterous.
I must sort out my long nose!

I think Cohen has done a deal with two of the hedge funds so he only need to part with another 3.25%, this is going to take another week.
Then...…..

Just figured out the snag.
When LBN reported this afternoon it was before loss of the CEO so the Metro spokesperson could hardly say we can't find a permanent member of the Board apart from Sir Duffield to open the branch.

Good find Redknapp."Last minute ‘snag’ delays opening of Liverpool’s Metro Bank".
What would justify the postponement of a store opening without a reasonable excuse after months of preparation.
I've got a feeling we may get the release of the FCA report sooner rather than later,it's release wouldn't go down well with a new branch opening but don't panic two hedge funds feel the current price is a good one to exit on.

"how is 500bn of ftrade free if we have to pay 1bn a month?"
Nothing is free in this world Boomer, if it was we wouldn't have to pay the Americans £200bn for Trident.
Turkey has got it right after being rejected from buying US patriot missiles it's chosen to buy Russian air defence systems which are half the price and just as good...…...proper capitalism.

What an exciting life you lead
"Coventry & Newbury BS I see them sit there all day laughing and joking
in the centrally heated office with nary a customer in sight"
As for my life I wonder each day why the Directors stopped buying in July, LTI said it would look bad but it didn't stop the CEO buying 100,000 for less than the £40.16p he sold at.
They have taken a very neutral role trying to be the honest broker with a few f@@k ups along the way. Can a CEO or for that matter can any leader do this,or as Rednapp mentioned would they be accused of insider information.
From Sept 2018-March 2019 the FCA closed 105 cases, 90 of which had no enforcement action,15 did...….well do you feel lucky with this 7 round revolver punk!

SC, I would think paying compensation to 3.8m women who are evenly spread throughout the country is an unlikely "vote winner for the Labour Party and help turn the final election result on its head".
Targeting of marginal seats and brain washing the electorate with the idea we will be a truly independent country by Christmas is the best tactic, as long as you can avoid interview and scrutiny.
Spread the idea EU rules have been different for UK compared to the 27 and this all along has been holding us back and the deficit of 5-6% of GDP will suddenly disappear when we compete with more competitive nations.

Matlot, I have to disagree, the "sorry the cupboard is bare" was caused by the sub prime mortgage global financial crisis, it's a bit like saying Ted heath was responsible for 25% inflation after the oil crisis of 1973/74.
As for Corbyn I don't think we will ever know but if he does then after an initial over reaction there will be good buying opportunities.