Now pay attention. Would you rather buy the Co-Operative Bank 5.55555 percent callable perpetual subordinated bonds at 78 pounds percent, or the same bank’s 13 percent perpetual at 147 pounds percent?
Shares in Lloyds Banking Group are worth 150 pence apiece, according to the analysts from Royal Bank of Scotland, who think the shares offer “a compelling restructuring opportunity” around today’s 95 pence.
from Neil Collins:
Too late to save Sir Victor Blank, Goldman Sachs has decided that the prospects for Lloyds banking Group are little short of glittering. Once the current crisis is past, says Goldman, the British banks will clean up.