Summary
THE Monday trading session in London ended in a flurry of selling as Wall Street reversed. Banking and financial stocks were hit the most when news emerged stateside that the US authorities would unveil legislation that would make it simpler for the Government to take control of ailing institutions.
Analysts were immediately forced to re-think their take on the American banking system as many inferred that this was a signal that everything wasn't quite as rosy as believed. True or not, rumours spread that two regional banks were in trouble.See the full content of this document
Extract
Is It Time to Bank On Shiny Gold Bullion?
This brought many a US banker out in a cold sweat, yet in the UK financials were in the news for som...
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