Forbes (Free subscription) | 30/12/2008
... have suggested, that there will be quite major write-downs at the end of this year," said Alex Potter of London broker Collins Stewart. Royal Bank of Scotland(nyse: ) announced interim losses of nearly 700.0 million pounds ($1.0 billion) in August. It'll announce its fourth-quarter and annual results at the end of February.Analysts at UBS have estimated the bank could record an annual...
Scotsman.com (Free subscription) | 17/12/2008
... a vote of its shareholders in favour of its takeover by Lloyds TSB to form Lloyds Banking Group.Alex Potter, at Collins Stewart, said HBOS's corporate asset quality looked "very weak". He said the latest up-dates meant there would be delays in profitability for "standalone HBOS" assets within the new Group by "another year to 2010 at least".Potter said: "You cannot rule out...
Jesse's Café Américain (Free subscription) | 14/12/2008
... is expected to complete a miserable Christmas picture when it also reports a loss, one day later.Alex Potter, banking analyst at stockbroker Collins Stewart, said: "For these two remaining November year-end reporters, the past three months will have been pivotal to their year as well as to the 2009 outlook. This period encompassed the Lehman failure, as well as the nationalisations...
The Independent (Free subscription) | 14/12/2008
Goldman Sachs, the US investment bank, is this week expected to post its first loss since the Wall Street crash of 1929 when it unveils full-year results on Tuesday.
Xtacash (Free subscription) | 13/12/2008
... the sector - we would continue to value the safety of HSBC alone,” said Collins Stewart analyst Alex Potter. HSBC fell less steeply, 17p to 733p.
The Independent (Free subscription) | 13/12/2008
... round of emergency capital raising next year. "The [HBOS] news is bearish across the sector," said Alex Potter, an analyst at Collins Stewart.HBOS said bad debts on its corporate loans almost doubled from £1.7bn to £3.3bn. Losses on the unit's investment portfolio also rose to £800m from £100m two months earlier.Sharp declines in house prices and pressure on margins from interest...
Forbes (Free subscription) | 12/12/2008
... However, not everyone agrees that the news is bad for other banks. Collin Stewart analyst Alex Potter said the trading update suggested there could be "some internal problem at HBOS" as the outlook was different from one they had issued in early November. "This seems to be a failing of HBOS. It seems to be making the case that the world has changed very significantly in the last five...
icWales (Free subscription) | 11/12/2008
... official 2% interest rate after last week’s 1% cut, the gap is narrowing.Collins Stewart analyst Alex Potter said this was due to factors such as bank recapitalisations, lower interest rates, and much lower demand for consumer debt.This contrasted with last year when inter-bank rates rose sharply as banks hoarded cash. Bank bail-out plans had “injected implicit Government guarantees...
The Telegraph (Free subscription) | 01/12/2008
... in from the mortgage loan and they end up with a stock of houses, which they probably can't sell." Alex Potter at Collins Stewart said: "RBS is not big in the UK mortgage market, so it can do something like this and get great headlines but it will not have much impact on its profit and loss account".RBS's move on mortgages came days after its £20 billion capital raising was completed,...
This is Money | Home (Free subscription) | 25/11/2008
Commentary from Editor Andrew Oxlade (25 Nov): Libor has fallen marginally from 3.99% to 3.96% overnight. Some experts have suggested further large falls (vs bank rate) will only come after Christmas. Alex Potter, banking analyst at broker Collins Stewart, warned in the Mail on Sunday (9 Nov) that banks were likely to hoard cash in the run-up to the end of the year so that their financial...
