Anyone got any thoughts on the banks, think i will get into two of them late Friday afternoon, they all are down a lot and might be a few pounds to make. What do you think

Yes it will be interesting to see where this invesigation ends up. The inclusion of RBS as underrwriters is standard procedure in such a investigation at this stage.

Very interesting Toya,ive been looking at the 7% yeild on rbs recently and one of the "known unknowns" was the potential toxicity of the US wholly owned subsidiary mortgages. Still on the sidelines for this one, presumably there will be a proper mention of this in rbs full accounts about february time,thanks

Meanwhile RBS up almost 10% yield falling dont miss the boat!

BoE's auction of 10 bln stg receives bids totalling 62.2 bln stg

AFX - 12:57


LONDON (Thomson Financial) - The Bank of England's auction of 10 bln stg, which can be borrowed for up to five weeks, received 62.2 bln stg in bids -- indicating the dire shortage of liquidity in the money markets.
The BoE's auction was intended to alleviate the strain in money markets, as banks rush to shore up their balance sheets in the run-up to the year-end period. However the auction meant only 16.1 pct of the 62.2 bln stg bid was successful.

The money was offered at the Bank rate, now 5.50 pct following today's rate cut, and was allowed to be held for five weeks. Usually, money auctioned in an open market operation can only be borrowed for a week.

The high total of bids means the BoE may have to repeat such an auction in the coming weeks. When it announced the operation last week, the BoE said it 'stands ready to take further measures to keep overnight rates in line with Bank Rate'.

Yesterday the overnight interbank borrowing rate stood at 5.84 pct compared to what was then the Bank rate of 5.75 pct.

[My italics - Toya]

I wonder if NRK bid for 26 billion!

could be!

Have been following RBS with a view of buying some for my long term portfolio, they are very tempting but will still bid my time for a market correction which must still come soon.

I like the canoo joke very funny..

It's wonderful, isn't it? Just couldn't resist putting that up here - should have cut it out from the paper to keep!

You can print it off your pc, Toya.

Err ... I might hang it up on the wall of infamy in the loo.

Oh yes - good thinking!

Blue Planet Worldwide Financials Investment Trust plc
Quarterly Portfolio Announcement as at 30 November 2007.


Stock Origin % of
total
assets

URSA Bank Russia 24.5%
Bank Millennium SA Poland 16.3%
Bank Zachodni WBK SA Poland 10.9%
Henderson Liquity Fund United 10.5%
Kingdom
Morley Liquidity Fund - GBP United 10.0%
Kingdom
Abbey Liquidity Fund - GBP United 9.7%
Kingdom
BP Global Financials-A Class Eire 8.0%
Federal Bank Ltd - IPC India 2.9%
Bank Vozrozhdenie Russia 2.9%
Cash 2.0%

For more information, please visit
www.blueplanet.eu


32% cash. BPW. Playing safe, banks tommorrow I think,be safe. cheers