With an 8% yield these shares MUST be cheap. Does anyone out there really expect RBS to sut their div? Have put my shirt on it at 401.

Within the sector I'd suggest that LLOY is the safest place for your money right now. They've barely been touched by the credit crisis (relatively speaking) and the dividend is superb.

LLOY is certainly safest place in sector, I was going to invest 50/50 between lloy and rbs, but have changed mind to 70/30 in favour of lloy. shame a didn't buy more than I did on Friday, but will keep buying on dips.