ft.com - 5/19/2009
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Britain has begun taking soundings with sovereign wealth funds and other investors about selling stakes in its part-nationalised banks as it seeks to tap into a revival of stock market confidence in the financial sector. UK Financial Investments , which manages the government’s 43.5 per cent ...
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Oh my, the alacrity!
European Tribune —
UK looks towards sale of bank stakes Britain has begun taking soundings with sovereign wealth funds and other investors about selling stakes in its part-nationalised banks as it seeks to tap into a revival of stock market confidence in the financial sector (...) A lot of people around the world think once you get through the losses the earnings power of these banks will be formidable, said one person familiar with the situation. Nothing has changed. It's only the confidence of the stock market, not of the public, that banks need to regain. It's still all about earnings ...
Words from the (investment wise) May 24, 2009
The Big Picture —
... funds, to gauge their interest.
“‘A lot of people around the world think once you get through the losses the earnings power of these banks will be formidable,’ said one person familiar with the situation.
“The organisation is likely to exit its stakes in tranches over a period of time although ‘these might be quite large dribs and drabs’, according to people close to the matter.”
Source: Jane Croft and Patrick Jenkins, Financial Times, May 18, 2009.
BCA Research: Euro area banks - stressful ...
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