| From FT: Banks were the laggards yesterday as scepticism met the US Treasury's $2,000bn financial rescue plan. Lloyds lost 7.9 per cent to 87.4p and Barclays was down 4.3 per cent to 108½p as equity holders saw increased risks of writedowns and dilutions if Europe adopted similar schemes.
Nomura said the US proposal to stress-test bank capital positions looked a threat to UK lenders. "The pressure for more co-ordinated disclosure and pricing of assets is likely to raise questions for banks where there are uncertainties over whether their marks are sufficiently conservative," it said..... Full Article: Source
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