GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Anticipated bullish Q1 statement from Nat - West management resilient, reassuring and continued momentum in net interest income for now !
Markets take a different view, expect weaker loan growth, higher deposit migration, wholesale funding and operating costs and tightening liquidity later in the year.
On the face of it, half decent set of Q1 results, not so sure about the record unsecured cedit card borrowing at a time of falling household incomes and high inflation, could come back to bite the banks if UK economic conditions deteriorate further later this year.
Asian business divsions looking top - notch, particularly Hong - Kong and Singapore, the paths of future prosperity all lead to Southeast Asia.
Deposit migration from smaller US regional banks to the major banking giants all point towards more consolidation for the sector. Today there is at least $9.2 Trillion of uninsured bank deposits in America.
American financial regulators need to take urgent action to safeguard customer deposits and prevent a future catastrophic meltdown for the regional banking sector.
The prospect of a presidential Biden - Trump rematch in 2024 will leave the Kremlin and Beijing in fits of laughter.
Twitter helped to push Silicon Valley over the edge, social media - driven banks runs are now a real systemic risk to sector.
Net interest margins are now close to peaking while capital and liquidity positions remain strong, wholesale funding costs inflationary pressures and increased impairment charges will remain a primary concern for the sector.
RicheRich78
Not my suggestion, Douglas Ross leader of the Scottish Conservatives before he was lambasted by his fellow English Tory MPs at Westminster, Scotland will vote for what is best for Scotland, sometimes in life hard difficult decisions have to be made and that includes putting your country before party politics, if that results in Conservative voters tactically voting in Scotland to keep out the SNP and preventing the break - up of the United Kingdom so be it !
Saving the Union from imploding is now the priority, Conservative voters should tactically back the Labour Party in Scotland at the next General Election to remove the SNP and prevent another Independence Referendum.
Thanks to high interest rates, American banks are now sitting on $2.2 Trillion unrealized losses on their balance sheets....... worrying !
Leaving aside specific issues surrounding UK banks, the London equity market is fast loosing it's appeal resulting in a huge flight of capital into alternative investment markets. In 2022 alone Fund Managers and retail Investors withdrew a record £75Bn out of UK based equity markets reflecting the gloomy outlook for the UK economy.
Stellar set of Q1 results on the back of high interest rates, on the downside investment banking revenues remain subdued and more money set aside for loan loss provisions on the expectations for a slowing US economy later this year.
CEREUS
This is not only a Government problem, the UK has the lowest rate of business investment of any G7 country, and one reason for that is the private sector has tended to prefer dividend payouts and share buy-backs rather than higher spending on capital investment projects.
" The Black Horse is a shareholders dream to hold "
More a Dark Horse, or Bad Bet ?
Investors still feel they're being taken for a very rough ride with this share !
Mixed messages and another reminder, that economic fundamentals will remain unpredictable and challenging for the financial sector.
" Cancelled Dividends " was a PRA initiative, not Lloyds.
In a statement to UK banking sector CEOs, the BoE warned in no uncertain terms it was ready to use its supervisory powers, if they did not comply with it's recommendations to cancel dividends and bank bonuses.
" extraordinary times called for extraordinary measures "
Bumpy long road lies ahead for the UK economy before inflation is tamed and interest rates return to any thing like pre - pandemic levels, in the meantime businesses will be pummelled the the ravages of high inflation and increased operating costs, and households will continue to see real incomes fall.
A fraction of a penny quarterly dividend, hardly worth the effort and not cost efficient to distribute unless it was the BODs original intention to consolidate the shares at some point in the future.
Trader's and markets start the week in fairly buoyant mood.
Seems Bitcoin has more lives than a cat, topping $30,000 for the first time since June 2022, despite all the gloom and doom surrounding cryptocurrency, it looks like it's here to stay particularly for the younger and new generations of investors.
Hedge Funds also winners.
March was the single most profitable month for short - sellers in the banking sector since the 2008 financial crash.