As Lloyds posts its highest profit in a decade, have British banks got over the financial crisis? Fahad Kamal, senior market strategist at Kleinwort Hambros, says Yes. In the latest stress tests conducted by the European Banking Authority, only two of the 51 banks tested – neither British – would fall below the minimum capital level required in an “adverse” scenario. Admittedly, some UK banks still have a hangover from the pre-crisis [...]
With the FTSE 100 trading close to 12-month lows, will it fall further by the end of the year? Laith Khalaf, senior analyst at Hargreaves Lansdown, says Yes. The FTSE is currently trading below its long-term average compared to company profits, but that doesn’t mean it won’t go further into deficit. Markets are fickle beasts over the short term, and there’s no telling how long, or deep, the current bout of risk aversion will [...]
