Money, investing, mutuals etc
-
pabenny
- Posts: 2754
- Joined: Tue Jun 29 2010 5:21pm
- Has thanked: 713 times
- Been thanked: 2204 times
-
Contact:
Post
by pabenny » Thu Feb 27 2020 2:41pm
Largely agree with both previous posts.
Like any speculative purchase, the prospect for a juicy gain is matched by the possibility of being wiped out. Metro Bank may well have been oversold but I think the upside from takeover is small - would anyone actually want to buy it? I can see the BoE brokering an orderly transition of customer accounts leaving a shell containing just the branches. Perhaps given the capital requirements on banks, there some break-up value.
-
Boro Boy
- Posts: 5048
- Joined: Mon Sep 15 2014 6:05pm
- Location: London
- Has thanked: 982 times
- Been thanked: 2013 times
Post
by Boro Boy » Thu Feb 27 2020 7:11pm
parchedpeas wrote: ↑Thu Feb 27 2020 2:10pm
I can't remember the last time I went into a bank branch. And I can't imagine the next time I'll need to. So I just can't see this company being anything other than toast, long term.
There speaks a man who may have never had an issue that wasn't better resolved with a face to face conversation... Service is still king but that maybe hard to realise until you need it!
Users browsing this forum: No registered users and 10 guests