Saturday, 31 October 2009
Banks to be sold
Plans are being made to break up and sell off the public stakes in the banks. Part of the deal will be that the purchasers must not be banks. Maybe it's just me but is excluding possible purchasers from the market, especially purchasers who know the market, the best way to get a good price?
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And the one move which would add real competition in Scotland (hiving off Bank of Scotland from Lloyds)is not on the cards. I wonder why.
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