We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

registration required

or
for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

No respite for banks

Following the European Central Bank's (ECB) decision earlier this year to prop up the euro - through buying up the bonds of the eurozone's weakest members - sentiment towards the banks has improved markedly. That decision has, says Barry Norris, founding partner of fund manager Argonaut Capital, "convinced markets that the threat of a sovereign default is now minimal". Indeed, bank shares have recovered strongly since the summer - Lloyds ' shares, for example, have soared by over 80 per cent since early June. But just because a eurozone break-up now looks less likely, investors shouldn't assume that all is well in the banking sector - it's far from it.

registration required

visible-status-Subscription-Only story-url-ChristmasFeature_Banks_211212.xml

By John Adams,
21 December 2012

Print this article
Comments

Related Companies

Register today and get...

Register today and get...
Please note terms & conditions apply