Member Info for TheFarEnd

"Nothing to see here," but as the title suggests, just the facts.

The European Central Bank (ECB) has assessed that AS PNB Banka in Latvia was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation, " the EBC said.

"The need for additional impairments of its assets led to a significant deterioration in its capital situation to the point that the bank’s assets were less than its liabilities. The bank was unable to satisfy requirements for continuing authorisation and unable to provide assurances that it could comply with capital requirements in the near future," the ECB added.

"He who rejoices at calamity will not go unpunished. Proverbs 17:5."
Very apt, now read this....

Police are investigating after Labour activist Owen Jones was "kicked in the head" by a group of men outside a pub. The Guardian columnist said he had been celebrating his birthday with friends when the men made a "direct beeline" for him in the early hours of Saturday.
Seems every man and his dog are adding their twopenny worth.
Shami Chakrabarti, the shadow attorney general, said police should consider any "political and homophobic motivation" behind the assault.
Mr Jones claimed it was a "premeditated" move by "far right" activists.
Shadow home secretary Diane Abbott was one of hundreds of people to response to Mr Jones's tweet about the incident, saying : "The times we live in are increasingly dark and dangerous".
Is it me, but have some of these Jokers just realized its a jungle outside of the so called 'Westminster bubble.' Now refering to lights_out (that's the name he goes under today) quote above from some book or other..... Personally I hope someone's kicked some sense into him, the amount of ***p he spouts.

That's not rejoicing btw.

Blimey tricky I'm having my breakfast, that image will be embedded in my mind all day.

Pokerchips, my original post was about the dire state of most of the European banks, and how much value they've lost since 2007. Also what action the ECB can take.
The subject matter seems to have changed somewhat, however no one's denying "that the problems are pretty much the same."
But I'm sure you're aware there are some fundamental differences between the UK and EU's banks at this moment in time.

With a climate of sluggish growth and subdued inflation in the Eurozone everyone is waiting for the ECB to act next month with yet another 'big bazooka' Mario can do whatever it takes but in the end it won't be enough, he ain't got a lot left anyway.

More of the same, bond purchases and a cut to interest rates.
If he starts printing more money again
this is only going to dilute the Euro value, infact anything he does is going to be negative for Euroland.
Talk now is that the deposit rate will be cut to minus 0.70%.
Yeah its getting dire alright, but what can you do when you have one currency for 19 Eurozone members, with each one setting their own fiscal policy of sorts, but I don't see the other European countries clambering to join, wonder why?
Ok, it's not Ebola Pokerchips but this Euro experiment has caused an awful lot of misery.

Negative interest rates, toppling bond yields, greater regulation and rising recession signals have wiped out most of the value of European banks, with their shares now at meltdown prices.
The index of the bloc's big banks plunged on Thursday to the level it hit in 2012 at the peak of the euro zone debt crisis.

That means the banks are worth now what they were when Greece, Ireland and Portugal needed bailouts, Cyprus ordered its banks to seize some deposits and Spain's banks were saved from collapse only by a government rescue.

The index has lost 84% of its value since its peak in 2007.
It is now a few points away from hitting levels seen in the 1980s, when the euro was barely a dream and some of the countries that now use it were still using Soviet roubles.
The low level of return on equity also prevents the European banks from raising capital. Since they can't expand, they will have less capacity to fund business on the continent.
It's simply the consequence of a decade of extra regulation, unconventional monetary policy and deleveraging... There are not that many ways for banks to get out of this, especially with a recession looming.
What's to become of Euroland?
And some moan about Lloyds!

You change like the wind JR.

That's what happened if you had money in Cyprus banks, there it was......gone.
Will this happen in Europe?

Bloomberg reporting that Trump wants to buy Greenland, the Danes thought it was a late April Fool, me, I don't know what to believe anymore.

So, no mention of the European Union on the new passports Wids, the remainers should take note.
United Kingdom of Great Britain and Northern Ireland may have to be changed if wee Jimmy Krankie gets her way.

I know what you mean, I lost a few bob yesterday especially on KAZ, if you don't look you'll never know.

Something's happening the FTSE is 30 points up.

Same here LEVIS, at least it's not showing any losses :-)

Anyone having trouble with live prices?

Well I got this wrong, had some successful trades here lately but completely ****ed up this time.
Bought in prior to half year @ 505p, is this overdone or what?

Be interesting to see what Lagarde's actions will be.
There's absolutely no chance Germany is going to offer any support even though they have reaped all the benefits from the Euro so far.

Usual happened here again, the SP drops to the rights issue price of 185 that was over a 20% discount at the time.

Glad that's cleared up, agreed Scotland isn't a country.
So what was the point of your original post regarding the court case in Scotland then?

What's your point NC?
Overall power is held in the Supreme Court of the UK and the decision made there is final....... end of.