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investing in uk banks?

  • 17-07-2011 1:12am
    #1
    david....
    Registered Users, Registered Users 2 Posts: 90 ✭✭


    Hi
    well i currently have 5000 euro sitting in aib getting 3.25% which i can take out with 7 days notice. DIRT will also be put on the interest so i wont end up with that much after. But its better than nothing.

    i was into shares about 2 years back and made abit of money but i pulled out of all of them as i found them too risky and just lost interest after.

    i am looking into medium to long term shares now which i can invest 5000 euros in.
    i wont go near any of the irish banks as they are too much of a gamble.
    But i dont mind the look of RBS and barclays ?
    would any1 be able to give me advice on these or any other good shares?

    would Greece also have a major impact on these do if they default?


Comments

  • #2
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,610 Mod ✭✭✭✭Jim2007


    You'd get a better response if you were to present some of your research and ask for commentary. Proper research takes time and a lot of effort, don't expect people to give up valuable research without gaining some thing in return...

    Jim.


  • #3
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    They look damn cheap but I'd wait to see how much capital they need to raise after a Greek default first.

    Those figures should be calculated this week, according to JPMorgan they need €25Bil - I haven't seen the report myself yet but it seems a lot.


  • #4
    colsku
    Registered Users, Registered Users 2 Posts: 301 ✭✭colsku


    Stay well away from investing in banks. We are on the edge of a MAJOR economic meltdown. RBS down over 4% today alone and leaking badly.


  • #5
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    colsku wrote: »
    Stay well away from investing in banks. We are on the edge of a MAJOR economic meltdown. RBS down over 4% today alone and leaking badly.
    You know sometimes the stock market gets it very wrong, witness BARC at 50p.

    UK banks are starting to look interesting now, especially LLOY.


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