Hints and tips:
...“The problem is this is a bank built on customer service — the bulk of its depositors are there I would imagine because of the customer services,” said Gary Greenwood, an analyst at Shore Capital....
...Gary Greenwood, an analyst at Shore Capital, said that Nationwide will have to extract cost savings....
...“Long-suffering shareholders are likely to welcome this offer,” said Gary Greenwood, an analyst at Shore Capital, although he pointed out that the deal valued Virgin Money at a 35 per cent discount to its...
...Shore Capital analyst Gary Greenwood said the gloomy economic backdrop could spur more deal activity....
...Gary Greenwood, an analyst at Shore Capital, said the move away from seven-day opening, which the bank had previously “trumpeted as a differentiating factor” may work better in regional northern towns where...
...That runs counter to their need for growth, Gary Greenwood at Shore Capital points out. Why has no bank bought Metro? It trades at a tenth of its book value....
...Gary Greenwood, an analyst at Shore Capital, said the bank’s poor record of meeting expectations meant it might struggle in the near term without a change of leadership....
...An asset sale would “merely [kick] the can down the road and doesn’t address the fundamental issue that the bank is over-costed and lacks scale”, said Gary Greenwood, analyst at Shore Capital....
...Gary Greenwood, at Shore Capital, described the deal as a “very painful rescue” for existing equity and debt holders, and voiced scepticism about its outlook....
...“The main challenge Metro Bank now has is leveraging its expensive branch network to drive growth and so improve profitability,” said Gary Greenwood, of Shore Capital....
...“Arrears — or overdue payments — at the big banks are still low historically,” said Gary Greenwood, analyst at Shore Capital....
...Gary Greenwood, an analyst at Shore Capital, highlights the non-bank players adding to competition in the market....
...In terms of return on tangible equity, notes Shore Capital’s Gary Greenwood, the domestic UK banks look set to get back to a level in the mid-teens this year, comfortably exceeding their cost of equity....
...Gary Greenwood, an analyst at Shore Capital, said: “They can make the business work with deposits....
...Gary Greenwood, analyst at Shore Capital, said: “I’m sure Lloyds is no different from any other bank and most companies, by giving better service to higher value customers....
...Returns on tangible equity of 10 to 12 per cent through the economic cycle are likely to be seen as politically acceptable, according to Gary Greenwood, an analyst at Shore Capital....
...Gary Greenwood, analyst at Shore Capital, said: “These new fintechs are based on being able to access data, in order to improve competition....
...Its revised target return on tangible equity of 14-16 per cent in 2023 is likely to be the best of the UK clearers, says Shore Capital analyst Gary Greenwood....
...Nevertheless, in the short term, banks are “unlikely” to put aside meaningful provisions for bad debts in their third-quarter results next month despite these concerns, said Gary Greenwood, analyst at Shore...
...“Whenever you get changes in management, it does create some uncertainty,” said Gary Greenwood, an analyst at Shore Capital....
...Until the recent announcements, the company “appeared to be doing a relatively good job” of handling claims when compared to its peers, research analyst Gary Greenwood said....
...Gary Greenwood, analyst at Shore Capital, said the FCA’s decision “materially increases the probability that Provident’s scheme will succeed and thus allow the group to move forward in a positive manner”...
...Biden made his remarks in Greenwood, the Tulsa neighbourhood that was known as “Black Wall Street” before a white mob destroyed it killing 300 black people and leaving thousands homeless during a two-day...
...Unemployment was, on average, forecast to rise to near 10 per cent, according to Gary Greenwood of Shore Capital. It has not been nearly as bad....
...Gary Greenwood, analyst at Shore Capital, said: “While Q2 represented an awful set of results, we think this could be a nadir in terms of quarterly profitability, with economy activity starting to improve...
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