UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: TMFDoraemon Big red star, 1000 posts Old School Fool CAPS All Star Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 11  
Subject: Re: LYG - hello? Date: 6/10/2008 1:53 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Yeah, USB is probably as close as you'll get to a reasonable comparison. Mostly because they're both pretty conservative and have diverse income streams from fee services, though they focus on different areas for their fees.

A big thing to keep in mind is that the US is very different from the rest of the world when it comes to concentration of assets/deposits in the banking biz. In many countries there are 3-10 absolutely dominant banks and maybe less than a hundred other small ones. We still have quite a bit more than 1,000 banks in this country.

Another to keep in mind about the UK is that while their economy is soft and they having housing problems too, they also have a pretty decent immigration and population growth trend. So the excess capacity will eventually get absorbed.

Best,

Nate

Disclosre... I own AIB and USB. Have a beneficial interest in LYG.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement