Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Gang: When I was an investigative journalist with the BBC I looked into a lot of business issues very carefully. We had many letters from listeners about banks.
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Comments
Daniel Victor
Agreed – just so long as they don’t do their double -take before giving the company a fair crack – which has been known to happen if someone other than the person who originally okayed the loan decides that allowing the loan was a bad idea.
Malcolm Stacey
Absolutely Danners. It happened to a business I was involved in once. Led to a lot of extra work raising the money.
Aziz Panni
I agree that banks can be attacked both for being too generous or too tight. However, the point at issue in the row over putting clients into administration is that the banks may have used their insider muscle to strip their clients of assets at distress prices. If this can be substantiated, the banks would have very big compensation claims to pay.