Ooops! Heh heh

No wonder bank shares have fallen so much today. I’ve just been listening to the news and it seems that the Government are thrashing out a deal tonight to part-nationalise all 4 of the big high street banks so as to inject some capital into them. Alistair Darling will announce the plan tomorrow morning before the markets open, so who knows which way they will go.
 
On one hand, the prices might shoot up as everyone breathes a huge sigh of relief, but on the other hand they might collapse as shareholders realise that the Government will be getting "preference" shares, and also the number of shares in issue becomes diluted.
 
Also I think I’ve cocked up slightly, I think the MPC interest rate announcement will be on Thursday, not tomorrow, so it will definitely happen after the Government have announced their nationalisation plans.
 
God only knows what’s going to happen over the next couple of days.
Advertisements
This entry was posted in Finance. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s