Well it is blue today for a change. I'm afraid that PIs have little influence these days with high frequency trading so prevalent. The price goes where they want to take it. It is claimed that HFT provides liquidity but it really leaves the little guy at its mercy.
It's getting pounded on the back of RBS which is currently down 4.8%.
RBS making provisions for bad debts due to Brexit appears to be the issue. Oh and falling NIM. And I don't know what else and feel the best thing to do might be to come back at Christmas.
Did I read somewhere else that Banks have another round of payments to make? - er, like repeating the PPI which appears never to conclude....
However, I don't recall if it was Banks generally -or one specific Bank - could even be Shareholder Distress Rumpus gaining traction......
-
Jefferies International today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 99p (from 91p).