Buy High, Sell Low; Privatising Britain's Banks  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8841 (Jun. 2013), page 14-16.
Topik: Banks; Stock; Government; Sale of a Business; Privatization

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

In 2008 and 2009 Britain pumped Pounds 46 billion ($71 billion) into started pulling money out of and another Pounds 20 billion into Lloyds Banking Group to prop them up. Almost five years later the state still holds an 81% stake in RBS and a 39% share in Lloyds--a position that feels increasingly awkward. In a speech on June 19th George Osborne, the chancellor, proposed to begin slowly selling down the government's shareholdings, starting with Lloyds, the healthier of the two banks, with the aim of getting back at least as much as was put into them. It would appear to be a terrible time to sell. By some reckonings shares in European banks are as cheap as they have been since the early 1990s. It is politics, not economics, that underpins the government's decision to privatise the banks slowly and to get back at least as much as it paid for them.

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