A trillion pounds deposited in UK banks today

[pzz76077]

... as a result of Darlings promises on banking reform- just saw it on CNN TV.

PZZ

[MrMark]

I hope the banks invest that money wisely...I've heard there's some very nice property dotted across southern England - Swindon and Berkshire come to mind..

[pzz76077]

I hope the banks invest that money wisely...I've heard there's some very nice property dotted across southern England - Swindon and Berkshire come to mind..

Yes, they are going to lend it to the UK Gov= will be wasted in 48 hours.

Just a thought- how long before Gordon Brown has a leading role in 'Gone in 60 seconds 2'??

PZZ

[Menelaus]

... as a result of Darlings promises on banking reform- just saw it on CNN TV.

PZZ

Bollocks. Bank of England wouldn't have the figures nearly so quickly.

[pzz76077]

Bollocks. Bank of England wouldn't have the figures nearly so quickly.

That is what CNN said and had a spokes woman from the BofE to substantiate an hour later.
(Hint: This was investment in UK banks, not cash....)

(Second hint: I believe that the BofE would be able to stump up this kind of cash if they had to to prevent a confidence crash on sterling).


PZZ

[Menelaus]

That is what CNN said and had a spokes woman from the BofE to substantiate an hour later.
(Hint: This was investment in UK banks, not cash....)

(Second hint: I believe that the BofE would be able to stump up this kind of cash if they had to to prevent a confidence crash on sterling).


PZZ

True.

It may be share buying in the LBG, RBS, HSBC and Barclays ... but I'm if I'm honest, I'm too lazy to go look it up.

[pzz76077]

True.

It may be share buying in the LBG, RBS, HSBC and Barclays ... but I'm if I'm honest, I'm too lazy to go look it up.

Me too, speak tomorrow.

PZZ

[HairyArsedBloke]

True.

It may be share buying in the LBG, RBS, HSBC and Barclays ... but I'm if I'm honest, I'm too lazy to go look it up.

Nope.

Reuters

Banks were under pressure on the economic outlook and following plans set out by British finance minister Alistair Darling to strengthen regulation of financial markets to prevent a re-run of the credit crunch. [ID:nL8659476]

Royal Bank of Scotland (RBS.L), Barclays (BARC.L), HSBC (HSBA.L) and Lloyds Banking Group (LLOY.L) fell between 1.9 and 4.5 percent

Sounds like total bollo to me.

Are you sure you're not getting confused with the announcement of asset purchase operations? example: BoE

[pzz76077]

Nope.

Reuters



Sounds like total bollo to me.

Are you sure you're not getting confused with the announcement of asset purchase operations? example: BoE

Nope, sitting here have seen it come up on CNN 4 times in the last couple of hours.

PZZ

[HairyArsedBloke]

Give that a trillion squidlies is of the same order as the amount that the British tax payer has 'invested' in the shares of the UK banking sector, you'd think that someone else would have mentioned this.