Commentaries

Are Lloyds shares cheap? Not as cheap as this funny money

August 19, 2009

Shares in Lloyds Banking Group are worth 150 pence apiece, according to┬áthe analysts from Royal Bank of Scotland, who think the shares offer “a compelling restructuring opportunity” around today’s 95 pence.

California’s IOUs may be difficult to cash in

July 1, 2009

With the California controller getting ready to send out the first batch of IOUs on Thursday, banks in the state are still trying to figure out if they want to buy the warrants from depositors. If they decide not to, get ready for crunch time and most likely the emergence of some kind of distressed debt market that will scoop up the IOUs – at a price – from those desperate for cash.