Money, investing, mutuals etc
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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.
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parchedpeas wrote: ↑
Thu Feb 27, 2020 2:10 pm
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!
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