Over the past year, UK banks have incurred a significant amount of writedowns on the back of devalued sub-prime related securities. Earnings and balance sheets across the banking sector were dented and a softening economic outlook in the UK and US, coupled with fresh sub-prime news, caused selling pressure on banking shares to mount.Of the [...]
An interesting report from paddypowertrader trader has landed on my desk. Despite spread betting having a reputation for catching investors out in extremely volatile markets the Irish firm has reported a 110% increase in clients placing equity trades in the past few daysRecent international market turmoil in the banking sector seems to have encouraged speculation [...]