UK 20:06 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Banks are subject to an imperishable law of banking existence. That is to say, that just when you think you have seen the last of the bitter fruit of their earlier misdeeds another lot come along. Was it Bertrand Russell who observed that when you are waiting for a number 11 bus for a rather long time, three turn up at once? Or was it a bus inspector? It was certainly William Shakespeare who said that ‘troubles when they come, come not as single spies but in battalions.’ Except, in the case of bank troubles, the battalions keep on coming. Just you think you have seen the last march by, another one appears over the horizon.
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