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Lehman Brothers teeters on verge of collapse as Barclays pulls out

Lehman Brothers teeters on verge of collapse as Barclays pulls out

Old Sep 18th 2008, 8:05 am
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Default Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

This was in Monday's NY Times............. of course things have worsened slightly since then - good illustration though........


http://www.nytimes.com/interactive/2...p-graphic.html
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Old Sep 18th 2008, 8:19 am
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Smile Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by Charismatic View Post
Delayed prices:

LLOY: 265
HBOS: 178

178 / (265 * 0.83) = 0.81
Good, it's narrowing...only 10% under now .
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Old Sep 18th 2008, 8:44 am
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Default Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by The Dean View Post
RBS safe as..... er........ houses..........

I would not be surprised to see some advance consolidation - eg RBS merging with Barclays or whoever BEFORE it becomes a 'rescue' (which one would be rescuing which one?).

BTW - Sky News just revealed that the newly-merged LTSBHBOS (?) will have 38 million customers............ que? What's the population of the UK?? (Neither bank has extensive operations outside the UK). Bizarre statistic.
Savers, borrowers, homeowners, insurance (doesn't HBOS own insurance companies too), current accounts... I'm not that surprised. One person could have a current account with TSB, a credit card from Lloyds, a mortgage from Bank of Scotland and an ISA with Halifax?
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Old Sep 18th 2008, 11:59 am
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Default Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by jvr20 View Post
Savers, borrowers, homeowners, insurance (doesn't HBOS own insurance companies too), current accounts... I'm not that surprised. One person could have a current account with TSB, a credit card from Lloyds, a mortgage from Bank of Scotland and an ISA with Halifax?
If they are counting that as FOUR customers, the numbers make sense - but are totally wrong.

They could be in for yet another shock...........
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Old Sep 18th 2008, 3:45 pm
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Default Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by Charismatic View Post
Nice work.

Morgan Stanley might go to Citibank, keep an eye on that if your looking for some speculation.
Nope - looks like it's wedding bells for Morgan and Wachovia.....
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Old Sep 18th 2008, 4:19 pm
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Default Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by IndieG View Post
Nope - looks like it's wedding bells for Morgan and Wachovia.....
Someone must be pregnant...Or almost pregnant...
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Old Sep 18th 2008, 9:33 pm
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Smile Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by IndieG View Post
Nope - looks like it's wedding bells for Morgan and Wachovia.....
Bizzare, very different different corperate cultures.

Telegraph:
The global credit system almost grinds to a halt as yields on US Treasury bills reach zero for the first time since the Great Depression, writes Ambrose Evans-Pritchard

The global credit system came close to total seizure yesterday. Key parts of the derivatives market shut down and a panic flight to safety depressed the yield on three-month US Treasury bills to almost zero for the first since the Great Depression in 1934.
The FSA think banning short selling will financials will help somehow? I'd say thats likely to bring more price fluctuations if implemented? If any company announces results that are worse than expected the shareprice is just going to fall through the floor because there will be no buyers for any price stabalisation . Just what we need! Can no one in the city remember how markets actually work?

Warning: The value of your shares may go down as well as sideways...

Edit: No changes in position to report, still got my cash stuffed into my mattress.

Last edited by Charismatic; Sep 18th 2008 at 9:36 pm.
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Old Sep 19th 2008, 7:35 am
  #53  
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Wink Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

Originally Posted by Charismatic View Post
banning short-selling will financials
Mind you I moan about this but HSBC are listed in HK and it's now an imperfect market. Arbitrage situation?
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Old Sep 19th 2008, 3:20 pm
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Default Re: Lehman Brothers teeters on verge of collapse as Barclays pulls out

its quite amusing reading about the 3 Geman bank executives who allowed a transfer of 500million Euro's to Lehman Brothers after they had already been declared bankrupt! ooooops!
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