In their “European Banks: At a turning point?”, Morgan Stanley analysts explain that interest rates are still low but seem to have reached their bottom and that they don’t expect any further cuts to depo rates.
LONDON | By Víctor Jiménez | The financial services industry in Scotland is more than twice as large as that of the rest of the UK when compared to the gross domestic product. But where the unionism points out an unaffordable risk, some analysts see an opportunity. (Image: The first minister of Scotland, Alex Salmond by Robert Perry/EPA)
BARCELONA | Banc Sabadell paid €84 million for Lloyds’ Spanish business, an amount that will be paid in stocks, giving 53.75 million (53,749,680) shares in the Catalan bank to the British banking giant.
LONDON | Behind the option of recovering the public investment made in Lloyds TSB, a possibility sounded today by Whitehall amid better priced bank stocks, there is the European Central Bank. But British taxpayers will probably never know.