remember this post . BIG GOLD BUYERS ARE GETTING READY TO SELL .
the small buyers will be the losers

Barclays and RBS both down 7% on possible exposure to French banks.

Lloyds down 4%.

.

He says quite a bit! :-)

mna . because that is what happens it is the way these city slickers act

TANK - Not sure you can blame the so called city slickers, stocks are tanking due to the fear factor and the uncertainty of just how far the market has to go to reach a bottom. Gold is seen as a safe haven, when the bottom of the market is reached and I for one have'nt got a clue where that will be, gold will be sold off to buy stocks. Isn't that the more rational theory? :O)

newsnight .david starkey was 100 % correct about timesome one told the truth
i see it ever day in town

Where is the bottom..?

we are at the bottom sept will see big gains in market

UK banks given thumbs up by Societe Generale

The broker says its upbeat view on UK banks is based evidence that they have all succeeded in managing down key risks associated with liquidity, credit and non-core assets.

The broker calculates that in order to justify current share price levels, Barclays, for instance, would have to lose around 12bn and then issue 12bn of equity (at a 50% discount) to fill the hole.

We certainly do not expect that to happen, but it is another way to highlight how inexpensive Barclays is at current prices, says the broker, adding that similar results unfold when RBS and Lloyds are subjected to the same reverse stress test.

Societe Generale says the stormy macro environment has pushed valuations down to just half tangible book value for Barclays, LBG and RBS, which is far too low in light of the progress on the risk front.

We remain impressed by the progress made by UK banks on the road to lower risks and higher returns, concludes the broker.

Societes top pick is RBS, but it says Barclays and Lloyds also very inexpensive, with all three trading at just 0.5 times tangible book value.

Read the full article: http://www.proactiveinvestors.co.uk/companies/news/31876/uk-banks-given-thumbs-up-by-societe-generale-31876.html

Are Societe Generale a French bank..?

Yes. (But not in trouble, as incorrectly reported by The Daily Mail recently).

Newspapers are in trouble as they lose credibility as a result of incorrect and misleading reports.

why do banks employ bankers when it is the gov that run them by policy
the banks tell investors that it is gov policy that is driving the SP .
so what do these bankers do .
listen to b diamond there hands are tied so why are they getting bonus
for destoying the banks value . who runs barcs the board or the icb and gov

What do the bankers do then?
We should get ride of them, their salary becomes profit!

the fal in stocks in banks show that these so called top bankers are not that good
any one can make money in a good market .but the prove is when some make good profits in a falling market .
it looks like these top men are very poor muppets

staff at some lloyds branches to be told who is being sold with there branch .
my family branch is being sold but we will all close our accounts the next day .
and move to barcs

I think I may close my Barclay's account in that case!

hc - i am interested why are people buying this crock - for an investor i dont see anything for years - sorry if i am wrong better banks out there let it drop more imo then make hay

I wonder how many people are still locked into this stock at 400-500p range? That may be partly why private investors are buying at this price. Also there is a large government stake, which may mean that the stock is immune from going under completely, though with no divi atm there is no income for long term investors. Maybe it's just the potential for huge upside (eventually), with minimal (hopefully) downside in the short term.