Banks Fall – Whose Next? RBS Looks dodgy
Just been watching Sky news and the relative drops in the value of shares of the biggest banks ( and therefore insurers) in repercussion to the Dow dropping 777 points overnight.
Not surprisingly HBOS were top of the list with a massive 17% fall and then very worryingly were RBS with nearly 12% fall in the value of their shares!
The others like Lloyds and Barclays looked stable around the half to one percent fall.
So this tells us that the City thinks RBS are the next to fall
If this happens the ramifications to the Insurance world will be massive as RBS is a major player in the personal lines section.
Check out the car insurance directory to see the number of famous brands that you didn’t know were owned by RBS.
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